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State Farm: Catalytic Converter Thefts Drop 74%

Insurance Journal

For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 % drop for the first half of 2024 compared to the same period in …

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Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy

Insurance Journal

A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy. According to court documents, Theodore Nicholas Papouloglou, 45, used his business, DG …

Theft 219
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California Labor Commissioner Gets $1.7M Settlement in Wingstop Wage Theft Case

Insurance Journal

million wage theft settlement for 550 workers in an alleged scheme in which the owner of multiple Wingstop locations in Bakersfield created separate corporate entities to circumvent labor laws. The California Labor Commissioner’s Office reached a $1.7 The franchisee must …

Theft 221
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Hyundai, Kia Software Upgrades Cut Theft Rates By More Than Half, HLDI Finds

Insurance Journal

Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute. Theft rates of the affected automobiles soared after thieves …

Theft 216
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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. Plaintiffs argued that the damage was covered under the policy, primarily resulting from theft. Allstate Vehicle & Prop. C22-1174 TSZ, 2023 WL 9000432 (W.D.

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Virginia County Police Report Some Success Against High-End Theft Rings

Insurance Journal

It took seven people, 15 seconds and a fire extinguisher. With that, a seven-person crew from Pennsylvania made off with more than $60,000 in luxury goods from the Chanel store in the posh Tysons Galleria mall in northern Virginia back …

Theft 196
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Leader of Crew That Stole 500 Catalytic Converters Worth $2 Million Sentenced

Insurance Journal

The leader of a regional organized theft crew, who orchestrated the thefts of catalytic converters from nearly 500 vehicles across the region, multiple jewelry store robberies and the stealing of banks’ automated teller machines has been sentenced in federal court …

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