National Equipment Register, the national database providing construction and farm equipment theft and ownership data, said it has expanded its services for member insurers to record and monitor losses from equipment damage.
NER said this expansion will allow the New York-based operation to use its expertise and unique search technology to detect fraudulent claims for damaged equipment, in addition to identifying fraudulent theft reports.
Since 2001, NER has been building databases of stolen equipment and equipment ownership to help deter theft and increase recovery rates. NER said its activities have saved insurers “millions of dollars.”
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