The Hertz Corporation Joins NICB

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Mar 17, 2010, 09:00 ET

PARK RIDGE, N.J. and DES PLAINES, Ill., March 17 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ), the world's largest general use car rental brand, and the National Insurance Crime Bureau (NICB) announce that Hertz has joined the NICB as its newest member. Hertz joins the nearly 1,100 member companies currently working with the NICB.

Hertz operates one of the nation's largest fleet of rental vehicles and NICB membership will help protect that fleet against fraud and theft. By working with the NICB, Hertz will reap the benefits offered by NICB, including:

Vehicle recovery expertise and data-sharing agreements with law enforcement agencies nationwide
Access to real-time, prompt and accurate vehicle location/recovery data
Reduced financial exposure to impound lot vehicle depreciation and vandalism
International vehicle interdiction expertise

"Hertz has one of the largest fleets in the rental industry and ensuring that it is protected is of paramount importance," commented Hertz President, Scott Sider. "By working with the NICB, we're taking steps to ensure our fleet is available to all our customers, including those renting for insurance replacement purposes. In addition to the services the NICB offers, we're aligning ourselves with our insurance partners in combating insurance related crimes."

"We are very proud to welcome Hertz to the NICB family," said Joe Wehrle, NICB's president and chief executive officer. "NICB members write almost 94 percent of the personal auto insurance in the U.S. and our members include the 31 largest property/casualty insurance companies. With Hertz joining us in the fight against vehicle theft and insurance fraud, we now represent eight of the largest vehicle rental companies in the country. We know that our strength lies in numbers. The more companies we have working with us, the more successful we will be in combating insurance-related crimes."

By joining the NICB, Hertz confirms its commitment to its insurance partners. Hertz serves customers needing to rent cars for insurance replacement needs, (offering to pick up and drop off customers at over 1600 locations), business travel, family vacations or for everyday purposes. The Company has served the insurance replacement industry for almost 10 years and currently has approximately 1,600 off-airport locations reaching customers in the top 50 metropolitan areas and is a recognized supplier to more than 193 of the 209 largest insurance companies. Hertz Local Edition provides customers with a full range of rental vehicles, including compact through full-size cars, SUVs and Hertz #1 Club Gold® counter service.

About Hertz

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,100 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 78 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. Additionally, Hertz operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 325 branches in the United States, Canada, China, France and Spain.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-877-437-7320. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

About NICB

Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting, and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy, and public awareness. The NICB is supported by more than 1,000 property and casualty insurance companies and self-insured organizations. NICB member companies wrote nearly $343 billion in insurance premiums in 2008, or more than 82 percent of the nation's property/casualty insurance. To learn more visit www.nicb.org.

SOURCE National Insurance Crime Bureau