Thefts Decline 7 percent from 2011 – 19 Percent Since 2008
DES PLAINES, Ill., Oct. 10, 2013 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau today released a report on heavy equipment thefts in 2012. This report, co-produced with the National Equipment Register (NER), examines heavy equipment theft data submitted by law enforcement to the National Crime Information Center (NCIC) and profiles that data according to theft state, theft city, theft month, equipment manufacturer, equipment style (type) and year of manufacture. The report also examines heavy equipment recoveries in 2012 based on those same criteria. NER is a division of Verisk Crime Analytics, a Verisk Analytics (Nasdaq:VRSK) company.
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. When compared with the 13,511 reported thefts in 2008, there has been an overall 19 percent reduction in heavy equipment thefts.
Texas ranked number one in 2012 with 1,401 reported thefts. In second place was North Carolina with 1,037 thefts followed by Florida in third with 890 thefts. In fourth place was California with 686 thefts and tied for fifth—Georgia and South Carolina with 595 each. The top five cities with the most thefts were Houston, Texas (163); Miami, Fla. (107); Conroe, Texas (83); Oklahoma City, Okla. (79) and Fresno, Calif. (64).
See the full report here.
The three most stolen heavy equipment items in 2012 were:
Heavy equipment manufactured by John Deere was the number one theft target in 2012 followed in order by Kubota Tractor Corp., Bobcat, Caterpillar and Toro.
As for recoveries, only 20 percent of heavy equipment stolen in 2012 was found, making it a costly crime for insurance companies, equipment owners and rental agencies.
NICB urges equipment owners to incorporate theft prevention strategies into their business practices and recommends the following theft prevention tips:
Anyone with information concerning heavy equipment theft or insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422), texting keyword "fraud" to TIP411 (847411) or by visiting our web site at www.nicb.org.
About the National Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through data analytics, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,100 property and casualty insurance companies and self-insured organizations. NICB member companies wrote $350 billion in insurance premiums in 2012, or more than 78 percent of the nation's property/casualty insurance. That includes more than 93 percent ($160 billion) of the nation's personal auto insurance. To learn more visit www.nicb.org.
SOURCE National Insurance Crime Bureau