Seeking to expand its product offering in the area of insurance and protection, at a time when identity theft is increasing, Scotiabank de Puerto Rico’s insurance division announced Tuesday the availability of its “Scotia ID Protection” program.
Through the initiative, Scotia Insurance aims to offer its customers an effective solution to protect themselves against identity theft, which according to FBI statistics, is one of the fastest growing crimes in the United States and it is estimated that between 500,000 and 700,000 Americans are victims of identity theft each year.
“After the identity theft crisis that occurred between 2008 and 2009, the lives of many Puerto Ricans were affected,” said Scotiabank CEO Peter Bessey. “To expand our offering and so that our customers feel that reassurance that they are protected from identity theft, we decided to establish a partnership with Assurant Solutions to launch this program.”
The “Scotia ID Protection” program is available through www.scotiaidprotection.com, and provides several options and protection levels. Through the service, customers can sign up for: Access to credit and empirical reports, daily credit monitoring, customized identity restoration services, disbursement of emergency cash and cash recovery, monitoring of public records, and legal access to an orientation network.
All benefits will be offered through the Consumer Assist Network Association Inc., while cash disbursement and recovery benefits will be underwritten by Caribbean American Property Insurance Company, both owned by Assurant Solutions.