The National Insurance Crime Bureau and the Insurance Services Office have teamed up with the National Equipment Register to create an alliance to help the insurance industry reduce equipment theft.
The alliance will make NER databases more accessible to law enforcement through NICB's network of agents working with law enforcement agencies throughout the U.S. According to the NICB, ISO has helped NER develop databases of construction and farm equipment losses and ownership records to help law enforcement officials identify stolen machines.
NER offers services to equipment owners and potential buyers like HELPtech, which allows owners to register equipment details to receive theft deterrence decals and often preferred insurance pricing.
“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,” said Vincent Cialdella, senior vice president of ISO in a release. “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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