New Database Could Curtail Boat Theft, Fraud

IBIPlus: The National Marine Manufacturers Association (NMMA) and the National Insurance Crime Bureau (NICB) said that they have started the first national database of vessel information. The organizations signed a memorandum of understanding to create a database that would assist law enforcement in boat identification.

The NICB said that each month more than 500 vessels are stolen in the United States. It costs owners and insurers millions of dollars each year. The boats are often sold to unsuspecting consumers.

The database would help the US Coast Guard and law enforcement personnel more quickly detect and report marine thefts and insurance fraud.

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