NICB News

Disaster Fraud Rampant After Floods, Hurricanes

This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods forecasted for the southern part of the U.S. this spring, the likelihood of disaster fraud increases. Disaster-related fraud affects auto, homeowners and commercial …

NICB Reports Slight Drop in Watercraft Thefts in 2015

As boating season nears, the National Insurance Crime Bureau’s annual study of watercraft theft reports that watercraft theft declined three percent in 2015. A total of 5,051 watercraft were reported stolen between January 1 and December 31, 2015. The report …

NICB: Number of Hail Claims Fluctuates But Severity Through the Roof

Though recent analysis of hail claims revealed a significant decline within the past couple of years, data compiled by Verisk A-PLUS property database indicates hail-related claims costs soared between 2008-2013. The National Insurance Crime Bureau released the most recent three-year …

NICB Pushes Legislation on Cargo Theft, Aggressive Contractors

Assignment of benefits, aggressive contractors and cargo theft were the primary focus of legislation in a number of states this year, according to Alan Haskins, director of government affairs for the National Insurance Crime Bureau. In a podcast interview with …

NICB: Ferrari Stolen in 1987 Recovered at California Port

The National Insurance Crime Bureau (NICB) was given exclusive access to a 1981 Ferrari GTSI recovered at the Port of Los Angeles and Long Beach earlier this month. The car, one of 1,743 of that model made in 1981, was …

NICB: Motorcycle Thefts Rose 6% in 2015

Motorcycle thefts increased 6 percent in 2015, according to a new report by the National Insurance Crime Bureau (NICB). A total of 45,555 motorcycles were reported stolen in 2015 compared with 42,856 reported stolen in 2014. Motorcycle thefts have been …

NICB Reports Slight Uptick in 2015 Water Damage Claims Over Prior Year

In 2015, there were 1,403,054 water damage claims filed—an increase of just one percent over 2014’s total of 1,389,277, according to a new report by the National Insurance Crime Bureau (NICB). From January 1, 2014 through December 31, 2015, a …

Vehicle Cloning on the Rise

Since 2001, the incidence of vehicle cloning – when a vehicle identification number (VIN) on a legally owned vehicle is transferred to a stolen vehicle – has risen at a cost of more than $36 million in fraudulent vehicle transactions, …

NICB: Initial Efforts Limited Fraud Following 2013 Moore, Oklahoma Tornado

Unprecedented planning by state and local authorities, law enforcement and the insurance industry established what is being called a national model for protecting the public from fly-by-night contractors in the aftermath of a natural disaster. According to the National Insurance …

Texas Disaster Outreach Program Works to Protect Storm Victims

After tornadoes ravaged the Dallas area in late December, the National Insurance Crime Bureau (NICB) and Texas Department of Insurance (TDI) Fraud Unit worked together to establish a new disaster outreach program, called the Catastrophe Response Team (CRT). The CRT …