DES PLAINES, Ill., and JERSEY CITY, N.J., February 19, 2008 – The National Insurance Crime Bureau (NICB) and ISO today announced a strategic alliance to significantly increase the insurance industry’s impact on equipment theft. Through the alliance, the databases of National Equipment Register (NER), a member of the ISO family of companies, will be made more widely available to law enforcement through NICB�s network of agents working with law enforcement agencies throughout the country.
Since 2001, ISO has been helping NER develop databases of construction and farm equipment losses and ownership records to help law enforcement identify stolen machines. Equipment owners register equipment details through NER�s HELPtech® service, receiving theft deterrence decals and often preferred insurance pricing. NER�s IRONcheckSM service helps protect those buying used equipment.
Robert M. Bryant, president and chief executive officer of NICB, explained, “NICB has made tremendous progress in developing a program to help law enforcement and our member insurance companies recover more construction and farm 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.”
Vincent Cialdella, senior vice president of ISO, added, “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. 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.”
The National Insurance Crime Bureau is the nation’s leading nonprofit organization exclusively dedicated to preventing, detecting, and defeating insurance fraud and vehicle theft through information analysis, investigations, training, and public awareness. Anyone with information concerning auto theft and insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422) or by visiting NICB�s website at www.nicb.org.
The mission of National Equipment Register, Inc. (NER) is to increase the recovery rate of stolen equipment and reduce the costs associated with theft for owners and insurers. NER combines systems, staff, and procedures to provide secure and accurate information services to law enforcement, insurers, equipment owners, and the equipment industry. Operations revolve around its databases of stolen equipment and equipment ownership, NER operators, and training and awareness programs. For more information, please contact NER at 212-297-1805 or by e-mail at [email protected] You can also visit their website at www.nerusa.com.
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets. For more information, visit www.iso.com.