RLI Corp. (NYSE: RLI) announced that it will pay the theft activation
fee for all of its RLI Marine policy holders who purchase and install an
IRONwatch equipment tracking device serviced by the National
Equipment Register (NER). This offer will help participating RLI Marine
insureds reduce the recovery time and costs associated with stolen
"Theft is a major source of concern for both RLI and our customers,"
said Robert Schauer, President of RLI Marine. "We are pleased to be
partnering with the NER to provide this offer and help our insureds
nationwide combat equipment theft."
IRONwatch, a new wireless GPS tracking and recovery device
designed for mobile heavy equipment, is offered exclusively through the
NER, a member of the Verisk Analytics (Nasdaq:VRSK) family of companies.
IRONwatch utilizes a unique sleeping SIM card which
enables the device to be left in sleep mode until it needs to be
activated to locate a missing piece of equipment. IRONwatch
is supported by a 24-hour call center that uses the NER's extensive
experience to support the investigation and recovery of stolen
equipment. With this support system, IRONwatch is able to
quickly deliver accurate location and recovery information to equipment
owners and law enforcement for misplaced or stolen equipment.
RLI Marine will pay the activation fee every time an insured's IRONwatch
device is activated and a theft is reported to law enforcement. There
are no monthly monitoring fees associated with using the IRONwatch
device, making it an effective, low-cost solution for equipment
protection and recovery.
RLI, a specialty insurance company, offers a diversified portfolio of
property and casualty coverages and surety bonds serving niche or
underserved markets. RLI operates in all 50 states from office locations
across the country. RLI's insurance subsidiaries - RLI Insurance
Company, Mt. Hawley Insurance Company and RLI Indemnity Company - are
rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard &
Poor's. Contractors Bonding and Insurance Company is rated A "Excellent"
by A.M. Best Company.
For additional information, contact Bob Schauer, President, RLI Marine
at (212) 626-7734 or at [email protected]
or visit the RLI Marine website at www.rlimarine.com.
Bob Schauer, (212) 626-7734