NICB Releases 2014 Heavy Equipment Theft Report

DES PLAINES, Ill., Oct. 1, 2015 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) today released a report on heavy equipment thefts in 2014.  This report, co-produced with the National Equipment Register (NER), examines heavy equipment theft data submitted by law enforcement to the National Crime Information Center (NCIC) and profiles that data according to theft state, theft city, theft month, equipment manufacturer, equipment style (type) and year of manufacture.  The report also examines heavy equipment recoveries in 2014 based on those same criteria.

In 2014, a total of 11,625 heavy equipment thefts were reported to law enforcement—an increase of 1.2 percent from the 11,486 reported in 2013.

Texas ranked number one in 2014 with 1,650 reported thefts.  In second place was North Carolina with 918 thefts followed by Florida in third with 915 thefts.  In fourth place was South Carolina with 660 thefts and Georgia is fifth with 647.  The top five cities with the most thefts were Houston, Texas (201); Miami, Fla. (105); San Antonio, Texas (83); Oklahoma City, Okla. (83); and Las Vegas, Nev. (73).   

See the full report here.

The three most stolen heavy equipment items in 2014 were:                                                  

1. Mowers (riding or garden tractor: 5,051)
2. Loaders (skid steer, wheeled: 1,907)
3. Tractors (wheeled or tracked: 1,475)

Heavy equipment manufactured by John Deere was the number one theft target in 2014 followed in order by Kubota Tractor Corp., Bobcat, Caterpillar and Toro.

As for recoveries, only 23 percent of heavy equipment stolen in 2014 was found, making it a costly crime for insurance companies, equipment owners and rental agencies. 

"Having the support and cooperation of the manufacturers is critical to the efforts to combat this kind of theft," said NICB President and CEO Joe Wehrle. "In an effort to increase the recovery rate, we encourage the manufacturers to share information and work with us to prevent theft and recover stolen equipment."

NICB urges equipment owners to incorporate theft prevention strategies into their business practices and recommends the following theft prevention tips:

• Install hidden fuel shut-off systems.
• Remove fuses and circuit breakers when equipment is unattended.
• Render equipment immobile or difficult to move after hours or on weekends by clustering it in a "wagon circle."  Place more easily transported items, such as generators and compressors, in the middle of the circle surrounded by larger pieces of equipment.
• Maintain a photo archive and a specific list of the PIN and component part serial numbers of each piece of heavy equipment in a central location.  Stamp or engrave equipment parts with identifying marks, numbers or corporate logos.
• Use hydro locks to fix articulated equipment in a curved position, preventing it from traveling in a straight line.
• Use sleeve locks to fix backhoe pads in an extended position, keeping wheels off the ground.

Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800-TEL-NICB (800-835-6422), texting keyword "fraud" to TIP411 (847411) or submitting a form on our website. Or, download the NICB Fraud Tips app on your iPhone or Android device.

About the National Insurance Crime Bureau: Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through data analytics, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,100 property and casualty insurance companies and self-insured organizations. NICB member companies wrote over $395 billion in insurance premiums in 2014, or more than 78 percent of the nation's property/casualty insurance. That includes more than 93 percent ($176 billion) of the nation's personal auto insurance. To learn more visit www.nicb.org.

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SOURCE National Insurance Crime Bureau