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Wednesday, 21 April 2021 19:23

NICB Urges Illinois Legislators to Take Action to Curb Catalytic Converter Thefts

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The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing and prosecuting insurance crime, urges Illinois legislators to take steps to address the significant increase in catalytic converter thefts across Illinois.

NICB strongly recommends legislators support Illinois HB0106, which would increase requirements on sellers of catalytic converters, impose due diligence obligations upon metal recycling entities, and establish fines for buyers who are knowingly engaging in fraudulent practices related to catalytic converter purchases.

 

"Since the start of the pandemic, we have seen a drastic increase in auto crimes to include a rise in catalytic converter thefts, and Illinois continues to be near the top of the list," said David Glawe, president and CEO of the NICB.

 

A catalytic converter is a device that looks like a small muffler along with the exhaust system. It is designed to convert the environmentally hazardous exhaust emitted by an engine into less harmful gasses. To do this, manufacturers use platinum, palladium and rhodium. In recent years, the values of these precious metals have skyrocketed.

 

According to NICB's Operations, Intelligence and Analytics study of reported thefts, there were 108 catalytic reported converter thefts per month on average in 2018, 282 average monthly thefts reported in 2019, and 1,203 average thefts reported per month in 2020.

 

During this time period, the top five states for catalytic converter thefts were California, Texas, Minnesota, North Carolina and Illinois.

 

In 2020, there was a continual climb in thefts. January had the fewest number of reported thefts at 652, but it continued to climb markedly throughout the year, with December having 2,347 reported thefts.

 

"NICB continues to engage in an aggressive media campaign to warn the public about this alarming trend. Make sure you use common sense tactics such as securing your vehicle, park in well-lit areas. Make sure your antitheft device is active. Take your keys and fobs with you. More often than not, people are leaving their keys in their vehicles. Work with...


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