Corvettes Still Hot: NICB Reports More Than 1 in 10 Stolen

Posted by Benji Riggins on June 8, 2012 under Interesting Info | Be the First to Comment

New “Classics” Supplement Tallies Thefts from 1981-2011

When the first Chevrolet Corvette rolled off a makeshift assembly line in Flint, Mich. on June 30, 1953, it penetrated a sports car market dominated by European models.

As quintessentially American as apple pie, the Corvette soon became a shiny symbol of U.S. performance and craftsmanship.

However, as the National Insurance Crime Bureau (NICB) illustrates in its second Hot Wheels Classics report, the road for America’s oldest continuously produced sports car has not always been smooth.

Like other popular objects of significant beauty and value, the Corvette is highly coveted—and apparently frequently targeted by thieves.

In reviewing Corvette theft data ranging from 1953 to 2011, the NICB identified an alarming 134,731 theft records.

It is important to note that the National Highway Traffic Safety Administration (NHTSA) required vehicle identification number (VIN) standardization beginning with the 1981 model year, and therefore confidence in pre-1981 records is low because of inconsistency in reporting protocols and VIN systems. Consequently, NICB incorporated information dating from 1981 and later to compile this latest report.

During the 30-year period from 1981 to 2011, a total of 90,427 Corvettes were lifted in the United States and Puerto Rico. During that same period, 862,918 Corvettes were produced in the United States. However, from 1953 through the end of the 2011 model year, a total of 1,526,747 Corvettes have been produced. The year with the most U.S. production was 1984 with 51,547. The year with the fewest Corvettes produced was 1953, when just 300 units were built.

As for the top 10 states where the most Corvette thefts occurred, California leads the nation with 14,002. Of the 30-year total of 90,427 thefts, 63,409 of them—or 70 percent—occurred in the top 10 states.

NICB does point out that total vehicle thefts have been waning in recent years, which is likely little consolation to proud owners.

By Christina Bramlet, PropertyCasualty360.com

Study: Escalade Most Likely to Be Hit by Thieves

Posted by Benji Riggins on January 30, 2012 under Interesting Info | Be the First to Comment

NEW YORK (AP) — The Cadillac Escalade, a top pick of the rich and famous ranging from Hollywood celebrities to Wall Street executives, is also the favorite choice of thieves.

The luxury SUV, which starts at more than $63,000, is the most likely vehicle to be targeted by crooks, according to a new study by the Highway Loss Data Institute.

The study, based on insurance claims made for model year 2008 through 2010 vehicles, showed that the Escalade is six times more likely to be hit by thieves than the average vehicle, and its overall theft losses are more than 10 times as large.

The rankings are based on vehicles that were stolen, had parts such as stereo systems taken, or had other property inside the car snatched.

Matt Moore, a vice president at the institute, says the Escalade gets hit more often because “It’s so wildly popular as far as pop culture goes. Watching the TV you see professional athletes coming in and out of them and other celebrities too. It’s a status symbol.”

HLDI, which is part of the Arlington, Va.-based Insurance Institute for Highway Safety, calculated the rankings based on the number of thefts per insured vehicle on the road.

The data doesn’t include uninsured vehicles or those covered by the 20 percent of insurance companies that don’t report their numbers to the institute.

A total of 10.8 claims were filed for every 1,000 insured Escalades, resulting in average loss payments of $10,555 per claim by insurance companies to the affected drivers, the study said.

The Escalade’s ranking isn’t anything new. When combined, the four versions of the SUV have ranked at the top of the list for several years, the group says.

Pickup trucks are also a favorite of thieves, taking the next four spots in the rankings, including the Ford F-250 crew cab four-wheel drive, the Chevrolet Silverado 1500 crew cab, the Ford F-450 crew cab four-wheel drive and the GMC Sierra 1500 crew cab. Crew cabs are pickups with a second row of seats.

Moore thinks that many of the pickup theft claims resulted from equipment or other items being stolen from truck beds while the vehicles were parked at work sites.

The Chrysler 300 sedan was the sixth most likely vehicle to be targeted and the only car on the list, with 7.1 claims filed for every 1,000 insured cars and an average loss payment of $5,509, the group said.

The vehicle least likely to be hit by thieves was the Audi A6 four-wheel drive, a luxury sedan. But its average loss payment per claim was $16,882. That’s 60 percent higher than that of the Escalade, according to the study.

The A6 was followed by the Mercury Mariner, a small SUV, and the Chevrolet Equinox, a midsize SUV.

The average vehicle in the study had 1.7 claims reported per 1,000 insured vehicles and an average loss payment per claim of $6,767, the study said.

By Bree Fowler, AP Auto Writer

Vehicle Theft Knows No Holiday

Posted by Benji Riggins on December 19, 2011 under Interesting Info | Be the First to Comment

New Year’s Day Still the Busiest

While most Americans take time off from work during the holidays, vehicle thieves are pounding the pavement without so much as a lunch break.

According to analysis from the National Insurance Crime Bureau (NICB), New Year’s Day, once again, ranked as the leading holiday for reported vehicle thefts in 2010. Christmas Day repeats as the holiday with the fewest reported vehicle thefts. For the 11 holidays reviewed in 2010, a total of 20,995 vehicles were reported stolen compared with a total of 22,991 reported for those same days in 2009.

The Des Plaines, Ill.-based not-for-profit organization’s annual reports show a decline in vehicle thefts for seven consecutive years. There is, however, always a black market for items obtained by theft, and vehicles remain popular theft targets.

The top five holiday theft states are California, Texas, Florida, Illinois, and Georgia. California had the highest overall number of holiday vehicle thefts. The majority occurred on President’s Day with 507 thefts. Following the national trend, Texas, Florida, Illinois and Georgia had the highest number of thefts on New Year’s Day and all top five states had the lowest on Christmas Day.

The full report, “2010 National Crime Information Center (NCIC) Holiday Vehicle Theft Analysis,” can be accessed here.

Source: www.nicb.org

By Melissa Stewart

December 8, 2011

Top 10 Most, Least Stolen Vehicles and Loss Payments

Posted by Benji Riggins on August 29, 2011 under Insurance News | Be the First to Comment

The Cadillac Escalade luxury SUV is the vehicle most likely to be targeted by thieves, according to the Highway Loss Data Institute, an insurance-funded group. Here are the vehicles most and least likely to be targets, and the average loss payment per claim:

MOST LIKELY
1.Cadillac Escalade – four versions ($10,555)
2.Ford F-250 crew cab 4WD ($9,496)
3.Chevrolet Silverado 1500 crew cab ($4,948)
4.Ford F-450 crew cab 4WD ($11,701)
5.GMC Sierra 1500 crew cab ($6,022)
6.Chrysler 300 ($5,509)
7.Ford F-350 crew cab 4WD ($9,088)
8.Chevrolet Avalanche 1500 ($6,689)
9.GMC Yukon ($6,645)
10.Chrysler 300 HEMI ($8,294)

LEAST LIKELY
1.Audi A6 4WD ($16,882)
2.Mercury Mariner – 2009-10 model years ($1,970)
3.Chevrolet Equinox – 2010 model year ($2,069)
4.Volkswagen CC – 2009-10 model years ($7,098)
5.Chevrolet Equinox 4WD – 2010 model year ($4,870)
6.Lexus RX 350 – 2010 model year ($6,084)
7.Saturn Vue ($3,747)
8.Chevrolet Aveo – 2009-10 model year ($7,642)
9.BMW 5 series 4WD ($12,200)
10.Mini Cooper Clubman mini ($1,883)

New Year’s Day Top Working Holiday for Car Thieves

Posted by Benji Riggins on December 31, 2010 under Safety | Be the First to Comment

While Americans are enjoying the holidays and most have time off from work, holidays are just another day at the shop for vehicle thieves.

New Year’s Day was once again the leading holiday for reported vehicle thefts in 2009, while Christmas Day repeated as the holiday with the fewest reported vehicle thefts.

For the 11 holidays reviewed in 2009, a total of 22,991 vehicles were reported stolen compared to a total of 24,676 reported for those same days in 2008, according to an analysis by the National Insurance Crime Bureau (NICB).

The holidays ranked by number of thefts reported to the National Crime Information Center (NCIC) in 2009 were:

•New Year’s Day 2,760
•Halloween 2,325
•Independence Day 2,207
•Memorial Day 2,207
•President’s Day 2,204
•Labor Day 2,202
•New Year’s Eve 2,189
•Valentine’s Day 2,090
•Christmas Eve 1,851
•Thanksgiving 1,620
•Christmas Day 1,336
The National Insurance Crime Bureau, headquartered in Des Plaines, Ill., is supported by nearly 1,100 property and casualty insurance companies and self-insured organizations.

Holiday Car Theft Analysis NICB

Read more: http://www.insurancejournal.com/news/national/2010/12/28/115956.htm#ixzz19QqcbKQJ