Protecting Your Car’s Catalytic Converter

Catalytic Converter Theft Skyrocketed in 2020

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According to the latest data from the National Insurance Crime Bureau (NICB), catalytic converter thefts more than tripled during 2020. In fact, while January 2020 recorded 652 catalytic converter thefts, these incidents repeatedly rose in frequency throughout the year—with December 2020 totaling 2,347 thefts. The average number of monthly catalytic converter thefts was 108 in 2018, a number which rose to 282 in 2019, before skyrocketing to an average of 1,203 monthly thefts in 2020. 

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Is Your Homeowner Insurance Keeping Up with the Rising Construction Costs?

Homeowners Insurance and the Rising Cost of Building Materials

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Recent findings from the National Association of Home Builders (NAHB) confirmed that household construction costs have

surged over the past year. This rise in construction costs is directly tied to soaring building material expenses—namely, the price of lumber. According to the NAHB, current lumber costs are up 340% from 2020. What’s more, lumber prices have already risen by an additional 67% since the beginning of 2021.

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