From 2011 to 2012 personal property questionable claims (PPQC) climbed 19 percent, to 19,958 in 2012 from 13,934 in 2011; overall, the increase in PPQC submissions from 2010 to 2012 was 46 percent, according to the National Insurance Crime Bureau (NICB). By analyzing the PPQCs by quarter, the NICB determined that the number of PPQCs submitted in the 4 quarters of 2012 were each higher than their four counterparts in both 2010 and 2011. There was a notable 29-percent increase in number of PPQCs submitted to the NICB in the first quarter of 2012 compared to the fourth quarter of 2011.

The NICB also found that two of the six referral reasons largely account for that 46-percent increase in PPQCs observed in the first quarter of 2012. “Suspicious Disappearance/Loss of Jewelry” displayed the most dramatic change in volume with a 99 percent increase from 2010 to 2012, most of which occurred in the first quarter of 2012. Also, “Suspicious Theft/Loss (Not Vehicle)” stood apart from the other five referral reasons by composing 46 percent of the total PPQCs from 2010 through 2012 and showed an increase of 52 percent from 2010 to 2012.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access