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Telegraph service permitted short texts to be sent cheaply and arrive in a matter of minutes to hours, instead of days or weeks. Telegraphy facilitated faster and more profitable freight and passenger railway traffic, consolidated financial and commodity markets, sped political news and commentary, and lowered information costs for companies. [1]
The Association for Cooperative Operations Research and Development (ACORD) is a non-profit organization in the insurance industry. [1] ACORD publishes and maintains an archive of standardized forms. ACORD has also developed a comprehensive library of electronic data standards with more than 1200 standardized transaction types to support ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
During the American Civil War, telegraph operators in the North organized the first telegraphers' association, the National Telegraphic Union (NTU), in 1863.The NTU saw itself primarily as a mutual benefit organization that sought to improve professional standards and provide members with benefits in the event of death, retirement, or sickness.
ISO was formed in 1971 as an advisory and rating organization for the property/casualty insurance industry to provide statistical and actuarial services, to develop insurance programs, and to assist insurance companies in meeting state regulatory requirements. [4] It became a wholly owned subsidiary of Verisk Analytics in October 2009. [5]
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The Law Telegraph Company was an American company engaged in facilitating communications between lawyers in New York City. It was the first company to provide telephone services in the city. In early 1874, William A. Childs proposed to establish a ticker system for lawyers similar to the one provided for stock quotations.
The electric telegraph was slower to develop in France due to the established optical telegraph system, but an electrical telegraph was put into use with a code compatible with the Chappe optical telegraph. The Morse system was adopted as the international standard in 1865, using a modified Morse code developed in Germany in 1848. [1] The ...