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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …