NICB News

Resale of Flood-Damaged Cars Another Worry After Harvey

In Houston alone, it’s estimated that 300,000-500,000 vehicles will be deemed a total loss because of flood damage due to Harvey. That’s according to Cox Automotive’s chief economist’s analysis of the number of vehicles lost due to Sandy (250,000), as …

Stakeholders Examine Insurance Fraud Issues During Federal Hearing

A recent federal hearing on insurance fraud exploring the necessity of a federal fraud fighting program, highlighted how stakeholders work to address and fight the multi-billion dollar industry. The Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, held …

NICB Reports 1% Increase in U.S. Watercraft Thefts in 2016

Reflecting a similar experience with vehicles, the National Insurance Crime Bureau’s (NICB) annual watercraft theft report shows a one percent increase in watercraft theft in 2016, reversing a multi-year downward trend. A total of 5,116 watercraft were reported stolen between …

NICB: Top 10 Vehicle Theft Hotspots in the Nation

The Albuquerque, N.M. metropolitan statistical area (MSA) had the highest per capita auto theft rate in 2016 according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report. Hot Spots examines vehicle theft data obtained from the National Crime …

NICB: Texas Leads Nation as Hail Damage Claims Jumped 48% in 2016

Everything is big in Texas, including hailstorms. The National Insurance Crime Bureau (NICB) reported that insurance claims for hail damage in Texas last year exceeded the previous two years combined. Hail damage fluctuates year-to-year, but 2016 was a particularly devastating …

NICB: Motorcycle Thefts Rose 2% in 2016

A new report released by the National Insurance Crime Bureau (NICB), noted a two percent increase in motorcycle thefts in the United States in 2016. A total of 46,467 motorcycles were reported stolen in 2016 compared with 45,555 reported stolen …

Mississippi Legislation Targets Cargo Theft

According to the National Insurance Crime Bureau, the Mississippi legislature recently considered two bills that would create a specific offense for cargo theft. House Bill 722, introduced by Representative Steve Massengill (R-District 13), and Senate Bill 2184, introduced by Senator …

NICB Warns Puffing Could Lead to Fine

As frigid temperatures and wintry blasts have hit a large section of the nation, drivers are increasingly “puffing” – warming up their parked vehicles before heading out on the road. The National Insurance Crime Bureau (NICB) warns that leaving an …

NICB Uncovers Abilities of Relay Attack Units Increasingly Used in Auto Thefts

The National Insurance Crime Bureau (NICB) says new technology is being used to not only unlock and open vehicles, but to also start and steal them. NICB recently obtained one of the so-called “mystery devices” that the public was first …

NICB Releases Annual Holiday Vehicle Theft Report

When you’re making the rounds at the stores this holiday season, make sure your car isn’t on someone’s gift list. Unattended vehicles, especially those loaded with valuables, make attractive targets for thieves. New data released by the National Insurance Crime …