NICB News

NICB Issues Warning on Fraud Related to Flood-Damaged Cars

A young man who bought a pickup truck in Houston is now warning buyers to follow the advice of the National Insurance Crime Bureau (NICB) before closing a deal on a used vehicle. Kenton Basinger shelled out $14,000 for a …

ALE Fraud on the Rise

California insurers handling first party property claims are seeing an increase in additional living expense (ALE) fraud, according to Pete Galassi, director at Mercury Insurance. Claims Journal spoke with Galassi during the Combined Claims Conference, held recently in Orange County, …

Rise in Fraud Related to Hit While Parked Auto Claims

Personal auto fraud involving hit while parked claims is on the rise, according to the National Insurance Crime Bureau. A large portion of the estimated 120,000 claims reported each year to the NICB relate to personal auto claims, said Special …

Staged Auto Crashes an Increasing Problem in South Carolina

Officials in South Carolina say a rising number of staged automobile crashes are becoming a problem in the state. The Post and Courier of Charleston cited authorities who said faked crashes were part of a scam that resulted in charges …

NICB: Car Thefts on the Rise Due to Expensive Parts

If you own a late model car or truck, and you’ve been in a wreck, you may still be shaking your head over the repair bill. The National Insurance Crime Bureau (NICB) says today’s vehicles are loaded with expensive parts …

NICB: Insured Tailgate Thefts Show Slight Decline in 2017

According to a new report released by the National Insurance Crime Bureau, insured tailgate thefts have stabilized since 2014. NICB analysis shows that in 2016, there were 1,877 claims for tailgate theft identified in ISO ClaimSearch, an insurance industry claims …

NICB: 60% Drop in Metal Claims Since 2014

A steep drop in metal thefts since 2014 is likely due to new laws designed to record sales, according to a new report by the National Insurance Crime Bureau (NICB). In 2014, a total of 12,630 metal theft claims were …

NICB Releases Latest Annual Holiday Vehicle Theft Report

New data released today by the National Insurance Crime Bureau (NICB) shows a total of 22,705 vehicles were reported stolen on the 11 holidays in 2016 covered in this report. NICB theft data is pulled from the National Crime Information …

NICB: Record Number of Vehicles Damaged by Recent Hurricanes

Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage …

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 …