Many insureds fail to fully understand the extent of their coverage when it comes to property crime, a recent study by ValuePenguin revealed. Researchers looked at FBI property crime data from early 2022 as compared to early 2021, when pandemic lockdowns were still in effect, to determine which locations in the U.S. have been most impacted by this year's nationwide uptick in property crime. Property crime rates fell 8.1% between 2019 and 2020, but they increased 41% between 2020 and 2021, according to ValuePenguin. The slideshow above illustrates a dozen U.S. cities with the highest uptick in property crime between Q1 2021 and Q1 2021. In general, three out of five of the largest cities in the U.S. saw an uptick in property crime, according to this study. The following offenses are considered property crimes: |
- Arson
- Bribery
- Burglary/breaking and entering
- Counterfeiting/forgery
- Destruction/damage/vandalism
- Embezzlement
- Extortion/blackmail
- Fraud
- Larceny/theft
- Motor vehicle theft
- Robbery
- Stolen property
Among them, larceny and theft are the most common. See also: |
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
Already have an account? Sign In Now
© 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.