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Date: April 29, 2024 Mon
Time: 9:49 pm
Time: 9:49 pm
Results for copper theft
4 results foundAuthor: Kudla, Joe Title: Metal Theft Claims and Questionable Claims from January 1, 2009 to December 31, 2011 Summary: There were a total of 25,083 claims identified for the theft of copper, bronze, brass, or aluminum submitted to ISO ClaimSearch between January 1, 2009 and December 31, 2011. Of the 25,083 total claims, 96.1% pertained to the theft of copper. Fifty-five percent of the claims were on commercial policies, while 45% were on personal policies. When the number of metal theft claims per month and monthly average copper prices are compared, the number of claims filed is found to have a statistically significant correlation with the price of copper. From January 1, 2009 to December 31, 2011, there were 237 NICB Questionable Claims submitted involving the theft of copper, aluminum, brass, or bronze. Of the 237 total Questionable Claims, 94.5% pertained to the theft of copper. Sixty-six percent were on personal policies, while 31% were on commercial policies. Ohio was the loss state in the most metal theft claims in ISO ClaimSearch, with 19% more claims than Texas, the state with the 2nd largest number of claims. However, in Questionable Claims Ohio ranked 4th, while Illinois topped the rankings. Illinois had 62% more QCs than Texas, the 2nd ranked state in Questionable Claims. When ranked by number of ISO ClaimSearch metal theft claims per 10,000 residents, Rhode Island tops the rankings, followed by Ohio and Delaware. Rhode Island had 25% more metal theft claims per 10,000 residents than Ohio did. The number of claims per 10,000 residents by state was found to be correlated with estimated state drug abuse/dependence rates. The Chicago-Naperville-Joliet, IL-IN-WI Core Based Statistical Area (CBSA) had both the largest number of ISO ClaimSearch metal theft claims and NICB Questionable Claims. The New York-Northern New Jersey- Long Island, NY-NJ-PA CBSA ranked 2nd in ISO ClaimSearch metal theft claims, while Atlanta-Sandy Springs-Marietta, GA ranked 2nd in NICB Questionable Claims. Details: National Insurance Crime Bureau (NICB), 2012. 11p. Source: Data Analytics ForeCAST Report: Internet Resource: Accessed April 28, 2012 at https://www.nicb.org/File%20Library/Public%20Affairs/Metal-Theft-Claims.pdf Year: 2012 Country: United States URL: https://www.nicb.org/File%20Library/Public%20Affairs/Metal-Theft-Claims.pdf Shelf Number: 125086 Keywords: Copper TheftInsuranceMetal Theft |
Author: Queensland. Crime and Misconduct Commission Title: Organised Property Crime in Queensland Summary: Since 1999, the Crime and Misconduct Commission (CMC) has monitored Queensland’s organised crime markets — including the organised property crime market — by means of a series of strategic assessments (CMC 2004, 2009; Queensland Crime Commission & Queensland Police Service 1999). These have consistently assessed the risk posed by organised property crime in Queensland as medium. In 2012 the CMC decided not to conduct a dedicated assessment of the organised property crime market. Instead, it reviewed organised crime trends in Queensland and identified the following current and emerging issues in organised property crime: » motor vehicle theft and rebirthing » boat theft and rebirthing » heavy equipment theft » copper theft. It is important to note that identifying these matters as key issues does not necessarily mean that organised criminals commit most or even many of the kinds of offences discussed here. Our analysis suggests that organised criminals are, however, more likely to be involved in these than other kinds of property crime. This, combined with indications of possible increasing trends over the next two to three years, is why these issues have been highlighted over others. Key findings of the report: 1. Organised vehicle theft in Queensland is likely to increase over the next two to three years, based on recent increases in profit-motivated vehicle thefts, and increasing interstate trends in the theft of vehicles for parts or sale as scrap metal. 2. Compared with organised vehicle theft, organised vehicle rebirthing is less likely to increase because of Queensland’s regulatory standards. 3. Organised heavy equipment theft is increasing in Queensland, particularly in rural and regional areas. These offences are likely to continue to increase over the next few years, assuming continued growth in the mining and construction industries. 4. Most boat thefts in Queensland are organised, and there remains potential for organised crime groups to further exploit this crime type. There are currently weaknesses in boat identification and registration practices providing opportunities for offenders to dispose of stolen boats. 5. Copper theft in Queensland is largely opportunistic, but the associated harms are significant. Monitoring and early action can prevent the issue from escalating as it has done internationally. 6. Key factors contributing to organised property crimes in Queensland are the profits involved, property that is not adequately secure, weaknesses in product identification and registration practices (especially for heavy equipment and boats), and difficulties experienced by law enforcement in investigating and prosecuting offenders. 7. Members of the public and business operators should take steps to reduce the likelihood of their property being targeted by organised or opportunistic criminals. Details: Brisbane: Crime and Miscondcut Commission, 2012. 16p. Source: Internet Resource: Accessed December 10, 2012 at: www.cmc.qld.gov.au/ Year: 2012 Country: Australia URL: Shelf Number: 127199 Keywords: Automobile TheftBoat TheftCar TheftCopper TheftHeavy Equipment TheftMotor Vehicle TheftOrganized Crime (Australia)Property Crime |
Author: U.S. Department of Energy, Office of Electricity Delivery and Energy Reliability, Infrastructure Security and Energy Restoration Title: An Updated Assessment of Copper Wire Thefts from Electric Utilities Summary: The U.S. Department of Energy (DOE), Office of Electricity Delivery and Energy Reliability (OE) monitors changes, threats, and risks to the energy infrastructure in the United States. As part of that responsibility, OE published research in 2007 on the theft of copper wire from electric utilities. Early in 2010 there was evidence of an increase in such thefts. Because of this increase, OE decided to update its 2007 assessment of copper wire thefts. 1 • Electric utilities have launched public awareness campaigns, offered rewards for information leading to the arrest and conviction of thieves, marked copper wire for easier recovery from scrap metal dealers, and collaborated with stakeholders. Copper wire theft continues today throughout the United States, but the magnitude of theft has been reduced considerably. The problem is not likely to cease as long as copper prices remain sufficiently attractive to would-be thieves. However, the combined efforts of electric utilities, lawmakers, scrap metal dealers, and local law enforcement have succeeded in reducing the problem and driving a wedge between copper price increases and comparable increases in copper theft. • Legislation to reduce copper theft has been introduced in every State and passed into law in all but five States as of August 2010. • Scrap metal dealers are cooperating with utilities and lawmakers, reporting suspected thefts, and disseminating information through ISRI’s Theft Alerts. • Local law enforcement has become more responsive to electric utilities facing copper theft and is collaborating to recover more stolen copper and arrest those responsible. Since the beginning of the 2004 spike in copper prices, copper theft and copper prices have been directly linked. Although this link continues today, the rate of thefts as a function of the upward pull of prices has been mitigated. Details: Wsahington, DC: U.S. Department of Energy, 2010. 17p. Source: Internet Resource: Accessed January 23, 2013 at: http://www.oe.netl.doe.gov/docs/Updated%20Assessment-Copper-Final-101210%20c.pdf Year: 2010 Country: United States URL: http://www.oe.netl.doe.gov/docs/Updated%20Assessment-Copper-Final-101210%20c.pdf Shelf Number: 127367 Keywords: Copper TheftMetal TheftTheft Offenses(U.S.) |
Author: U.S. Department of Energy, Office of Electricity Delivery and Energy Reliability, Infrastructure Security and Energy Restoration Title: An Assessment of Copper Wire Thefts from Electric Utilities Summary: Fueled by economic growth, worldwide demand for copper has risen over the past several years. Supply has been unable to keep pace, pushing prices dramatically upward, particularly from 2003 through 2006 when the price per pound of copper rose from around $0.70 to as high as $4.00 by mid-2006. The price then steadily declined until stabilizing at about $2.60 per pound in early 2007. Copper appears to be on the way up again in March 2007, exceeding $3.00 per pound by the middle of the month. Prices continued to climb in April 2007, averaging $3.50 per pound. Tight supplies have lead to an increase in copper recycling, which, in turn, has created a market for used copper and made the material a more attractive target for theft. In fact, thefts of copper wire have been on the rise across the United States, with no apparent geographic pattern and all sectors that use the material, including electric utilities, are being targeted. Thefts of copper wire from utilities occur primarily at substation transformers, from utility poles, or from the back of service trucks. The thefts have several adverse consequences, including the obvious economic impact, service disruptions, and possibly personal injury or death for persons involved in the theft or subsequent recovery efforts. Utilities across the Nation are paying increasing attention to this growing problem and have begun to investigate and implement measures for deterring thefts, protecting facilities, and quickly recovering from any consequences. There are a wide variety of countermeasures that can be taken by electric utilities, working closely with scrap metal dealers and law enforcement officials. Countermeasures include communication and coordination with law enforcement and between utilities; fencing, signs, warnings, lighting, patrolling, and intrusion detection for deterrence; wire and equipment protection to make thefts more difficult; alternate equipment and wire devaluation to make the material less attractive; and rewards, watch programs, and resale waiting periods to make the sale of potentially stolen copper easier to detect. In addition, scrap metal dealers have instituted a Scrap Theft Alert System and state legislators are actively drafting legislation addressing copper wire theft. During the first three months of 2007, 21 states have proposed bills raising the fines and penalties for stealing or dealing stolen copper as well as tightening the record-keeping and licensing requirements for scrap metal dealers. Reducing and ultimately eliminating copper wire theft requires a collaborative effort by electric utilities, scrap metal dealers, law enforcement officials, and state regulators and legislators. Details: Washington, DC: U.S. Department of Energy, Office of Electricity Delivery and Energy Reliability, Infrastructure Security and Energy Restoration, 2007.25p. Source: Internet Resource: Accessed January 24, 2013 at: http://www.oe.netl.doe.gov/docs/copper042707.pdf Year: 2007 Country: United States URL: http://www.oe.netl.doe.gov/docs/copper042707.pdf Shelf Number: 127393 Keywords: Copper TheftMetal TheftTheft Offenses(U.S.) |