About Prop Cop

With a law enforcement and insurance background, Prop Cop was designed to enable the insurance industry, law enforcement and corporations to exchange information on stolen property. In 2004 it is estimated that over 10 million property crimes occurred costing insurance companies and corporations approximately $12 billion dollars with less than 5% being recovered. Vehicle theft results in an $ 8.6 billion dollar loss and commercial claims including farm and heavy equipment losses another $14 billion.

A majority of items are not traceable. Items such as automobiles, watercraft and guns are traced through the federal government’s NCIC (National Crime Information Center) program, ISO (Insurance Services Office) and NICB (National Crime Information Bureau - for vehicle’s only). If a semi truck and its cargo were stolen, the semi truck could be traced, but not the cargo. In a residential theft, a gun could be traced, but not the diamond rings, Rolex watch, electronic equipment and other items.

Law enforcement nationwide are recovering property and they are required to make a good fair effort to find the legal owner. The State of California is holding over $4.1 billion in Unclaimed Property and Florida holds unclaimed property valued at more than $1 billion. Until now, no one has been able to connect this unclaimed property to its rightful owner, the insurance industry.

ECS designed a powerful computer system called Prop Cop to enable insurance companies and corporations to recover those stolen items. ECS will allow all insurance companies and corporations to list items that were stolen from their insured. The information stored within Prop Cop is encrypted and confidential. As law enforcement recovers the stolen items they will be able to search Prop Cop to find the rightful owner. When finding a match law enforcement will be instructed to call Prop Cop. The insured’s information is never disclosed. Additionally, law enforcement will be able to connect the property to a theft report from the originating law enforcement agency, thus solving other related crimes.