The National Insurance Crime Bureau (NICB) and ISO announced a strategic alliance to 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 IRONcheck service helps protect those buying used equipment.
Robert M. Bryant, president and chief executive officer of NICB, says: "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, adds: "Because NER is an ISO business, we are able to incorporate NER's databases into the 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."
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