PITTSBURGH The state of Ohio continues to top the National Insurance Crime Bureau (NICB) list of metal theft claims, while copper remains by far the material most often reported stolen.
The annual report indicates that copper accounted for 32,568, or 96.4 percent, of 33,775 insurance claims for the theft of copper, bronze, brass or aluminum over a two year period. The report looked at thefts between Jan. 1, 2010, and Dec. 31, 2012 and compares 2010-2011 statistics with claims filed in 2012.
The report also suggests that there is a direct correlation between the increase of copper prices and the increase of metals theft.
Ohio continues to be the state that generates the most claims, followed by Texas, Georgia, California and North Carolina. Ohio also topped the list last year (amm.com, March 20, 2012
Greater New York was the metropolitan area with the most claims, followed by Chicago, Atlanta, Dallas and Philadelphia.
The report noted that legislators have successfully enacted new laws and regulatory efforts to thwart metal theft, but it offered no indication as to whether those endeavors are working.
The NICB is a Des Plaines, Ill.-based nonprofit agency chartered to prevent, detect and defeat insurance fraud.