X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
When you’re sitting at a stoplight, does it ever cross your mind that the sedan in the next lane could be stolen? Or what about the two-year-old used car your friend just got a great deal on? It’s certainly possible.

Vehicle theft rates have been steadily dropping in the last few years and, according to the FBI’s preliminary statistics for the 2009 Uniform Crime Report, this trend will likely continue. While this is encouraging news, it does not tell the whole story of vehicle theft. While theft rates are dropping, recovery rates are, too. The FBI’s data shows that the recovery rate has dropped from 67 percent in 1999 to an all-time low of 57 percent in 2008. Thus, fewer vehicles are being stolen every year, but a greater percentage of those that do get lifted are not recovered.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.