The issue has become so dire that as of February 2021, 18 states have started evaluating if legislative action is necessary to stymie catalytic converter theft, according to NICB. (Credit: Kim2480/WikiCommon) As of February 2021, 18 states were evaluating whether legislative action is necessary to stymie catalytic converter theft, according to the NICB. (Credit: Kim2480/WikiCommon)

Since March 2020, the National Insurance Crime Bureau (NICB) found an average of 1,200 incidents of catalytic converter theft in the U.S. per month. This is a marked uptick from an average of 282 monthly catalytic converter thefts in 2019.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Auto
Commercial Lines
Personal Lines