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NICB Releases 2012 Heavy Equipment Theft Report

October 15, 2013 Comments off

NICB Releases 2012 Heavy Equipment Theft Report
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau today released a report on heavy equipment thefts in 2012. This report, co-produced with the National Equipment Register (NER), examines heavy equipment theft data submitted by law enforcement to the National Crime Information Center (NCIC) and profiles that data according to theft state, theft city, theft month, equipment manufacturer, equipment style (type) and year of manufacture. The report also examines heavy equipment recoveries in 2012 based on those same criteria. NER is a division of Verisk Crime Analytics, a Verisk Analytics (Nasdaq:VRSK) company.

In 2012, a total of 10,925 heavy equipment thefts were reported to law enforcement—a decrease of 7 percent from the 11,705 reported in 2011. When compared with the 13,511 reported thefts in 2008, there has been an overall 19 percent reduction in heavy equipment thefts.

Texas ranked number one in 2012 with 1,401 reported thefts. In second place was North Carolina with 1,037 thefts followed by Florida in third with 890 thefts. In fourth place was California with 686 thefts, and tied for fifth—Georgia and South Carolina with 595 each. The top five cities with the most thefts were Houston (163); Miami (107); Conroe, Texas (83); Oklahoma City, Okla. (79) and Fresno, Calif. (64).

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NICB’s Hot Wheels: Popular 10 Most Stolen Vehicles List

August 21, 2013 Comments off

NICB’s Hot Wheels: Popular 10 Most Stolen Vehicles List
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today released an expanded, data-rich version of its popular Hot Wheels report—its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines the vehicle make, model and model year most reported stolen in 2012.

A first-edition feature is also contained in today’s report: a look at the top 25 2012 vehicle makes and models that were reported stolen in calendar year 2012.

+ Full Report

NICB Reports Hail Damage Claims in the United States, 2010-2012

July 23, 2013 Comments off

NICB Reports Hail Damage Claims in the United States, 2010-2012
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today reported that insurance claims resulting from hailstorm damage increased 84 percent in 2012 from their 2010 level. In 2010, there were 467,602 hail damage claims filed. That number increased to 689,267 in 2011 and to 861,597 in 2012—an overall increase of 84 percent from 2010 to 2012.

The nation has experienced severe storms (wind, tornado, hail) that are occurring with more intensity and affecting more areas of the country. While scientists debate why these storms occur, no one argues with their effects—extensive property damage and, many times, loss of life. The property damage can be as minimal as a few broken shingles to total destruction of buildings. This report focuses just on insurance claims resulting from hail damage.

Over 2 million hail damage claims were processed from Jan. 1, 2010, to Dec. 31, 2012. During this period, the top five states generating hail damage claims were Texas (320,823); Missouri (138,857); Kansas (126,490); Colorado (118,118) and Oklahoma (114,168).

NICB Reports 20 Percent Rise in Mid-Year 2012 Questionable Claims

September 2, 2012 Comments off

NICB Reports 20 Percent Rise in Mid-Year 2012 Questionable Claims

 Source:  National Insurance Crime Bureau
The National Insurance Crime Bureau today released its first half 2012 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims—property, casualty, commercial, workers’ compensation, vehicle and miscellaneous—for the first half of 2010, 2011 and 2012.
Questionable claims are claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud. A single claim may contain up to seven referral reasons.
During the first half of 2010, a total of 46,766 QCs were referred. That number increased to 48,887 in the first half of 2011 and to 58,523 in the first half of 2012. There was a 20 percent increase in QCs during the first half of 2012 compared with 2011, and a 25 percent increase when compared with the first half of 2010.
Suspicious theft/loss (non-vehicle) generated the largest increase in volume for a single referral reason in property QCs (5,255) and contributed to the property category’s 40 percent rise in QCs compared to the first half of 2011. The miscellaneous QC category posted the smallest increase—10 percent—compared with the first half of 2011.

NICB Names 10 Most-Stolen Vehicles for 2011

August 31, 2012 Comments off

NICB Names 10 Most-Stolen Vehicles for 2011Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today released Hot Wheels − its list of the 10 most-stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines the vehicle make, model and model year most reported stolen in 2011.

For 2011, the most-stolen vehicles* in the nation were:

1. 1994 Honda Accord
2. 1998 Honda Civic
3. 2006 Ford Pickup (Full Size)
4. 1991 Toyota Camry
5. 2000 Dodge Caravan
6. 1994 Acura Integra
7. 1999 Chevrolet Pickup (Full Size)
8. 2004 Dodge Pickup (Full Size)
9. 2002 Ford Explorer
10. 1994 Nissan Sentra

NICB Report Shows Vehicle Thefts Driven Down—Again

June 23, 2011 Comments off

NICB Report Shows Vehicle Thefts Driven Down—Again
Source: National Insurance Crime Bureau
From (horrible Flash-based) news release:

The National Insurance Crime Bureau (NICB) reported today that 2010 continued the trend of declining national vehicle thefts for the seventh consecutive year. While the top five hot spots for 2010 showed an increase in thefts over the previous year, the other areas on the top 10 list actually had fewer thefts.      

For 2010, the 10 Metropolitan Statistical Areas (MSA) with the highest vehicle theft rates were:
1.  Fresno, Calif.
2.  Modesto, Calif.                                   
3.  Bakersfield-Delano, Calif.
4.  Spokane, Wash.
5.  Vallejo-Fairfield, Calif.
6.  Sacramento/Arden-Arcade/Roseville, Calif.
7.  Stockton, Calif.
8.  Visalia-Porterville, Calif.
9.  San Francisco/Oakland/Fremont, Calif.
10. Yakima, Wash.

NICB Releases 2010 Report on Cargo Theft

May 26, 2011 Comments off

NICB Releases 2010 Report on Cargo Theft
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today issued its 2010 National Cargo Theft report. NICB identified 747 cargo thefts across the nation in 2010 with an estimated loss value of $171,000,000. Cargo theft can occur at anytime and anyplace while goods are in transit between shipper and destination, regardless of transport mode. Although most thefts are from freight moving primarily by truck or rail, intermodal and air freight are susceptible as well.

The states with the most cargo theft incidents were: California (247), Texas (91), Florida (66), Illinois (56), Tennessee (40) and Georgia (39). Electronics were most often the theft target (139 thefts) followed by food (108) and clothing (73). The month of February saw the most thefts with 113 followed by August (78) and June (76).

Through careful review of cargo theft incident data, NICB analysts have identified patterns and locations where most cargo theft occurs. As might be expected, truck stops, parking lots, warehouses and port cities have the most theft activity.

+ Full Report (PDF)

Insurance — NICB Reports 34 Percent Rise in Florida Suspicious Claims Since 2008

May 1, 2011 Comments off

NICB Reports 34 Percent Rise in Florida Suspicious Claims Since 2008
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today released its 2010 questionable claims (QC) referral reason analysis for Florida. The report examines QCs associated with Florida and referred to NICB during the period from January 1, 2008 through December 31, 2010.

In 2008, a total of 6,508 Florida QCs were referred to NICB from its member insurance companies compared with 7,447 in 2009 and 8,724 in 2010. That represents an increase of 34 percent from 2008 compared with 2010. Questionable claims are those claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud. A single claim may contain up to seven referral reasons.

+ Full Report (PDF)

See also: 2010 QC Analysis

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