Recovering the Goods: ISO Teams with NICB to Widen Use of National Equipment Register Databases |
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Written by U.S. Insurance News
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Friday, 22 February 2008 |
The recovery of stolen goods is undoubtedly within the best interest of insurance providers.
The recovery of stolen goods is undoubtedly within the best interest of insurance providers.
So it’s no surprise that representatives of both the insurance industry and law enforcement are teaming up to help the cause.
The National Insurance Crime Bureau (NICB) and ISO have formed an alliance to make the databases of National Equipment Register (NER)—an ISO company—more widely available to law enforcement through NICB’s national network of agents.
“Because NER is an ISO business, we are able to incorporate NER’s databases into the highly successful data-sharing alliance we have with NICB,” explained Vincent Cialdella, senior vice president of ISO. “This will significantly increase the number of law enforcement officers and NICB agents with access to valuable data that will lead to more recoveries, more arrests, and fewer equipment thefts—and that’s good for our insurance clients.”
For the past seven years, ISO has been helping NER compile databases of construction and farm equipment losses and ownership records so that law enforcement officials could more readily identify stolen items. In addition, NER offers two services to give equipment owners help in keeping their property safe. NER’s HELPtech® service lets owners register equipment details. They also receive theft deterrence decals and often preferred insurance pricing. NER’s IRONcheckSM service helps protect those buying used equipment.
“The ability to access NER’s data will enable NICB to achieve even greater success in identifying and recovering stolen and/or cloned heavy equipment,” said Robert M. Bryant, president and chief executive officer of NICB.
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