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Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.

The signs of a stolen catalytic converter include loud noise, smellier or darker exhaust than is normal and sluggish acceleration.

Chicago and Seattle saw the biggest year-on-year increases in wheel and tire theft claims, WheelNet reports.

The criminal enterprise, masterminded by two brothers, reprogrammed cars' computers to give thieves easy, undetected access.

Full coverage auto insurance costs more than double the price of minimum-required coverage, according to Nerdwallet.com.

Some of the stolen vehicles were then used to conduct smash-and-grab raids on ATM machines.

Illinois, New York and Ohio saw double-digit increases in the rate of stolen vehicles during the first half of 2023, according to the NICB.

Insurance fraud can cost U.S. consumers as much as $308.6 billion each year, according to a 2022 study by the Coalition Against Insurance Fraud.