A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged in a social media-inspired theft spree.
Tag: vehicle theft
Cities Sue Hyundai, Kia After Wave of Car Thefts
A slew of cities have sued Kia Corp. and Hyundai Motor Co., blaming the automakers for the uptick in joyriders stealing cars, causing property damage, and draining police resources.
Vehicle Thefts Nationwide Surpass One Million for the First Time Since 2008
According to new analysis conducted by the NICB, more than 1 million vehicles were stolen last year, marking a 7% increase over 2021.
NICB Report: Vehicle Thefts Continue to Skyrocket in Many Areas of U.S.
According to the National Insurance Crime Bureau’s (NICB) Hot Spots Report, vehicle thefts continue to skyrocket in many areas of the U.S. Nationwide, 932,329 vehicles were reported stolen to law enforcement in 2021, a 6% increase over 2020, and a 17% increase since 2019. Colorado led the nation in 2021 with the highest overall theft… Continue reading NICB Report: Vehicle Thefts Continue to Skyrocket in Many Areas of U.S.