Insured Losses

Facts + Statistics: Auto theft

Key Facts

  • The National Insurance Crime Bureau (NICB) reported that over 1 million vehicles were stolen in 2022, a 7 percent increase over 2021 and surpassing 1 million for the first time since 2008. California and Texas had the most reported stolen vehicles, and Illinois had the largest increase, estimated at 35 percent between 2021 and 2022.

Facts + Statistics: Deer vehicle collisions

During deer season, which generally runs from October through December, there is a dramatic increase in the movement of the deer population. Many of these deer find their way onto highways and into suburban neighborhoods. As a result, more deer-vehicle collisions occur in this period than at any other time of year.

Background on: No-fault auto insurance

Overview

No-fault auto insurance laws require every driver to file a claim with their own insurance company after an accident, regardless of who was at fault. In states with no-fault laws, all drivers are required to purchase personal injury protection (PIP), as part of their auto insurance policies.

In its strictest form, the term no-fault applies only to state laws that both provide for the payment of no-fault first-party benefits and restrict the right to sue, the so-called “limited tort” option.

Facts + Statistics: Hail

NOAA’s National Weather Service Storm Prediction Center Annual Severe Weather Report Summary reported 6,962 hail events in 2023 compared to 4,436 in 2022. Texas, and Nebraska had the largest number of hail events according to NOAA in 2023.