A bit of good and bad news in latest reports on auto theft and staged auto accidents from the National Insurance Crime Bureau (NICB). First the good: the NICB says 2009 marked the sixth consecutive year of declining vehicle thefts in the United States.
For 2009, the 10 Metropolitan Statistical Areas (MSA) with the highest vehicle theft rates are: Laredo, TX; Modesto, CA; Bakersfield, CA; Stockton, CA; Fresno, CA; Yakima, WA; San Francisco/Oakland/Fremont, CA; Visalia/Porterville, CA; Las Vegas/Paradise, NV; and Albuquerque, NM.
Some 83 percent of the 366 MSAs within the U.S. reported lower thefts than they experienced in 2008 and once the final figures for 2009 are available vehicle theft may drop as much as 19 percent on 2008, according to NICB.
Now for the bad news: staged accidents. The NICB says so-called staged accident questionable claims (QCs) increased 46 percent from 2007 through 2009. The ratio of staged accident QCs to overall bodily injury (BI) and personal injury protection (PIP) claims also increased over this period.
The five cities that generated the most staged accident QCs were: New York City Ã¢â‚¬“ 1,304; Tampa Ã¢â‚¬“ 562; Miami Ã¢â‚¬“ 511; Orlando Ã¢â‚¬“ 422; and Houston Ã¢â‚¬“ 376.Ã‚ Notice that Florida and New York, which are no-fault (or PIP) states, dominate the top loss locations.
NICB has created a series of videos demonstrating some of the most common types of staged accidents, available here. Check out further I.I.I. information on auto theft and no-fault auto insurance.
The National Insurance Crime Bureau (NICB) yesterday reported that 2008 marked the fifth consecutive year of declining vehicle thefts in the United States. Its annual Hot Spots study said preliminary crime data from the FBI indicates that 2008 will post a double-digit decline (-12.6 percent) in vehicle theft when final numbers are released in the fall. If the preliminary figure holds, it will be the largest single year percent drop in thefts since 1999. Despite the overall decline in vehicle theft, NICB described this yearÃ¢â‚¬â„¢s findings as a Ã¢â‚¬Å“mixed bagÃ¢â‚¬ of good and bad news. Why? Although most areas experienced a reduction in vehicle theft in 2008, NICB said there were several noteworthy exceptions in states that border Mexico. The Texas Metropolitan Statistical Areas (MSAs) of El Paso, Laredo and San Antonio along with Las Cruces in New Mexico each saw an increase in vehicle theft in 2008. California remains a hot spot, ranking number one in total thefts. Check out further I.I.I. info on auto theft.Ã‚
There was some good news for auto owners and their insurers yesterday. The National Insurance Crime BureauÃ¢â‚¬â„¢s (NICB) 2008 Hot Wheels study indicates that auto theft is continuing its national decline. Based on preliminary FBI Uniform Crime Report (UCR) data, motor vehicle theft is headed for an 8.9 percent decrease in 2007. This would make it the fourth consecutive year of decline and follows a 3.5 percent decline in 2006. Final data will be released later in the year. Check out further I.I.I. info on auto theft.