CORRECTION: ACORD Not Related to NAII, inreon

Both the headline and certain portions of the text in the article that appeared yesterday, October 29, incorrectly identified the NAII as having approved inreon’s use of ACORD standards.

This was not correct. The NAII has no connection with either ACORD, which is a separate organization, headquartered in New York, or with inreon the Internet reinsurance trading platform.

The confusion arose because the two companies made their announcement at the current NAII convention in L.A.

The Insurance Journal regrets the error, and the original article has been corrected.