• Home
  • Get A Quote
    • Annuities
    • Automobile
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
    • Dental
    • Farm
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Pet Insurance
    • Recreational Vehicle
    • Renters
    • Travel
    • Trucking
    • Vision
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Auto & Home Coverage Checklist
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Flood
    • Health
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
      • Home & Auto Coverage Checklist
    • Life
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Other
    • Recreational VehicleImage of right arrow
      • Request ID Card for Recreational Vehicle Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Recreational Vehicle from Existing Policy
      • Add Driver to Existing Recreational Vehicle Policy
      • Remove Driver from Existing Recreational Vehicle Policy
    • Renters
    • Vision
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Add Watercraft to Existing Policy
      • Remove Watercraft from Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
  • Claims
    • Automobile
    • Business & Commercial
    • Flood
    • Homeowners
    • Motorcycle
    • Renters
    • Watercraft & Boat
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Important Files
    • Insurance Glossary
  • About Us
    • About Etler-Kettenacker Agency
    • Location Map
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Logo
Home > Blog > Despite National Decline in Copper Theft, Ohio Leads the U.S. in Claims
WEDNESDAY, DECEMBER 7, 2016

Despite National Decline in Copper Theft, Ohio Leads the U.S. in Claims



Ohio was in the headlines this week -- but not for great reasons:

Despite incidents of copper theft trending downward in recent years, Ohio still leads the U.S. in the number of insurance claims for this type of felony. It's the fifth straight year Ohio has claimed this title.

Ohio policy-holders filed more than 4,000 claims in for the theft of copper, bronze, brass or aluminum from 2013 to 2015, or 11 percent of the 36,000 such claims nationwide, according to the National Insurance Crime Bureau (NICB). Pennsylvania came in second with about 2,800 such claims over that period.

This is bad news for Ohio homeowners. While copper theft has become less common, the volume of claims for this type of crime adversely affects insurance premiums. In other words, everyone pays.

Copper theft made headlines several years ago, as copper prices surged during the recession. Opportunists found stolen copper a quick way to make a relatively easy buck, as abandoned homes and businesses left this precious metal readily available for the taking. Ohio tightened regulations and adopted stricter laws on tracking the sale of scrap metal, essentially making it harder for thieves to fence stolen pipes, wire and other materials. Recycling centers in the state began photographing each seller and the items they brought in, plus entering each transaction into a statewide database. All of these actions served to deter copper crime in Ohio.

However, Ohio’s major metropolitan areas remain among the worst in the nation for metal theft, the NICB reports. As the economy improves, new construction sites could account for the high number of theft reports in the state. These sites have a larger inventory of copper -- so the claims that are filed are much more costly. In addition to tighter regulations, with copper hovering around a 5-year-low, hopefully Ohio criminals will decide the rewards are not worth the risk.

Source: National Insurance Crime Bureau | Dayton Daily News | Columbus Dispatch
Photo credit: Flickr
Posted 11:00 AM

Tags: copper theft, insurance claims, insurance news, national insurance crime bureau
Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2021
  • 2020
  • 2019
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011

  • insurance(49)
  • car insurance(29)
  • auto insurance(22)
  • safety(21)
  • homeowner's insurance(19)
  • save money(15)
  • policy(15)
  • insurance agent(13)
  • life insurance(11)
  • distracted driving(9)
  • deductible(9)
  • kids(8)
  • safe driving(8)
  • coverage(8)
  • cars(8)
  • pedestrian safety(7)
  • safeco(7)
  • premium(7)
  • homeowner's policy(7)
  • insurance policy(7)
  • home(6)
  • taxes(6)
  • texting while driving(6)
  • auto(6)
  • car(6)
  • fall(6)
  • summer(6)
  • technology(5)
  • kid safety(5)
  • liability(5)
  • homeowner(5)
  • flood insurance(5)
  • travel insurance(5)
  • homeowners insurance(5)
  • family(5)
  • spring cleaning(5)
  • back to school(5)
  • car safety(4)
  • self-driving car(4)
  • car seat safety(4)
  • small business(4)
  • car accident(4)
  • home insurance(4)
  • car seats(4)
  • driving(4)
  • road hazards(4)
  • online shopping(4)
  • halloween(4)
  • shopping(4)
  • tax season(4)

View Mobile Version
Social Social Social
7588 Central Park Blvd., Suite 219 | Mason, OH 45040
P: 513-984-0404 | F: 513-984-4347 | E: rachel@ekagency.com

Powered by Insurance Website Builder