Thousands of motorcycles are stolen in the U.S. each year, and fewer than 40 percent are ever recovered. So when a motorcycle has been missing for 46 years, well the chances of it ever showing up again are slim. But …
The National Insurance Crime Bureau released its third quarter 2013 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims—property, casualty, commercial, workers’ compensation, vehicle and miscellaneous—for the third quarters of 2011, 2012 and 2013. …
The National Insurance Crime Bureau released the next in its catalog of refreshed vehicle theft reports, this one on “Compact and Subcompact” vehicles. The report is based on National Crime Information Center (NCIC) vehicle theft records for 2010, 2011 and …
The National Insurance Crime Bureau released the latest in its catalog of refreshed vehicle theft reports, this one on the “Sporty” classification. The report is based on National Crime Information Center (NCIC) vehicle theft records for the period January 1, …
Personal residences were linked to a majority of suspicious personal property questionable claims, according to a National Insurance Crime Bureau report based on a review of (PPQCs) submitted from January 1, 2010 through December 31, 2012. The three-year average of …
In 2012, a total of 10,925 heavy equipment thefts were reported to law enforcement—a decrease of 7 percent from the 11,705 reported in 2011, according to a report released by the National Insurance Crime Bureau on heavy equipment thefts in …
Hurricanes and tropical storms affect more than just homeowners. Following Superstorm Sandy, which hit October 28, 2012, insurance companies processed more than 250,000 claims for damaged vehicles. Damage can range from scratches and minor dents to vehicles being crushed or …
While the total number of workers’ compensation (WC) claims has decreased, the percentage deemed “questionable” is rising, according to the National Insurance Crime Bureau’s analysis of WC questionable claims (QC) referrals submitted from January 1, 2011 through June 30, 2013. …
A recent poll on Claims Journal’s website ranked employee fraud as the top costliest fraud in workers’ compensation. Though stories of employee fraud are publicized frequently by state insurance departments, two other types of workers’ compensation fraud – employer and …
The National Insurance Crime Bureau reported that insurance claims resulting from hail-storm damage increased 84 percent in 2012 from their 2010 level. In 2010, there were 467,602 hail damage claims filed. That number increased to 689,267 in 2011 and to …