BEAVERTON, Ore., Nov. 17 /PRNewswire/ -- ID Experts, the leader in identity theft protection and personalized restoration, today introduced Restore(TM), a fully managed identity theft restoration and protection service for groups. Now available for insurance providers, financial institutions, associations and enterprises, ID Experts Restore provides policyholders, clients or employees with identity theft restoration and protection services that build loyalty and new revenue potential.

According to the Identity Theft Resource Center (ITRC), in 2007 the typical identity fraud victim spent as much as $1800 on recovery from new account fraud. In addition, victims can spend hundreds of hours on identity recovery, not to mention the frustration and stress of figuring out how to navigate the restoration maze. In 2007, almost 70 percent of victims reported that it took up to 12 months to clear up identity information, 12 percent reported 1-2 years, and 19 percent reported working more than two years to fully restore their identities.

"Many of the identity theft services offered today, including assisted recovery which guides victims to sort out the mess on their own, have marginal efficacy in protecting and restoring victims' identities and reputations," said Rick Kam, president of ID Experts. "Consumers can get free credit reports for themselves, and insurance for identity theft expense reimbursement helps. But neither addresses an individual's most significant worry: the time and stress of restoring one's own identity."

By adding ID Experts Restore to insurance policies, employee and association benefits programs and financial services accounts, businesses receive a high value service that removes the burden of identity theft restoration from the victims and protects businesses' productivity and reputation.

    ID Experts Restore includes:

    -- Fully managed identity theft restoration services, including an ICFE
       certified personal restoration expert who acts on the victim's behalf
       to completely restore his or her identity
    -- One year of free credit monitoring and alerts for victims
    -- No limited exclusions, such as family-perpetrated fraud
    -- Co-branded online education that promotes the company's brand and
       protects members
    -- Free identity restoration for victims of an internal data breach with
       ID Experts Respond(TM), the company's enterprise data breach service

ID Experts Restore for Insurance Carriers and Brokers

ID Experts Restore can be added as an endorsement to any insurance policy, such as property and casualty, homeowners, auto, life, and commercial lines for businesses or groups. Victim restoration can be incorporated into identity theft protection coverage to enhance profits and generate additional annual revenue per policy.

For high value policyholders, it can be offered complementary as a competitive differentiator. Compared to assisted restoration services, fully managed ID restoration services provide compelling value to policyholders and carriers at a very modest price. This creates loyalty for the carrier and helps to boost retention and referrals, while containing or even eliminating expenses from victims filing expense reimbursement claims.

"We at C.L. Frates recognized that identity theft was creating a huge need and opportunity for us," said Thomas P. Mulligan, senior vice president at C.L. Frates. "We choose to work with ID Experts because of their reputation, experience, and quality of identity theft restoration and protection services. Victims feel very violated and stressed so it is very critical for us to make sure they are treated with utmost care and competence because they look to us for help and our reputation is on the line."

ID Experts Restore for Financial Services Companies

Financial companies can bundle identity theft resolution services with account agreements at group rates. These resolution services can provide additional business opportunities for financial institutions through add-on identity theft protection and monitoring solutions. Identity theft resolution can also provide a valuable protection to holders of "premium" accounts, distinguishing the financial institution competitively and increasing customer loyalty and retention.

"When identity theft crimes occur, financial institutions often suffer the effects as much as their account holders, typically through customer attrition, a compromised reputation and monetary losses," said Kam. "The fear of identity theft also affects an institution's profitability due to a reduced use of the online services that provide increased convenience and a reduction in operating costs."

ID Experts Restore for Public and Private Enterprises

ID Experts protects millions of families and is trusted by many of America's largest enterprises. When an employee's identity is stolen, it can take hundreds of hours to restore his or her name. Millions of victims each year add up to billions of hours of lost productivity for American employers.

ID Experts Restore gives businesses and employees the confidence of coverage with identity theft resolution. ID Experts Restore also provides ongoing online education to help employees protect themselves from identity theft.

ID Experts Restore for Associations and Groups

More than nine million people were victims of identity crime in the U.S. in 2007. Incorporating identity theft protection and resolution services as a member benefit provides a low-cost incentive for new or continued membership and creates new revenue potential with add-on services, such as identity and credit monitoring and alert services. ID Experts Restore for associations and groups also includes co-branded online education to provide members with timely information to protect themselves against the risk of identity theft.

Availability and Pricing

ID Experts Restore is available immediately. For customized pricing and assistance, please call ID Experts at 1-866-726-4271.

About ID Experts - Identity Theft Protection, Restoration and Data Breach Services

ID Experts provides identity theft protection, fully managed restoration services and data breach services for individuals, corporations, industry associations and the government. Unlike other identity theft protection service providers that rely solely on credit monitoring, ID Experts takes a uniquely personal approach to identity protection. Whether it's a single individual or family, or the largest corporations, government agencies and universities, ID Experts ensures each and every individual receives protection and recovery assistance. Customers benefit from ID Experts' team of experienced identity recovery advocates, who have a 100 percent success rate in restoring victims' identities to pre-theft status. For more information, visit http://www.idexpertscorp.com.

SOURCE ID Experts