According to a report by the National Insurance Crime Bureau (NICB), the increase in catalytic converter thefts has been dramatic. In 2018, there were 1,298 catalytic converter thefts for which a claim was filed. In 2019, it was 3,389 thefts with a claim. In 2020, catalytic converter theft claims jumped massively to 14,433, a 325% increase in a single year. Though not a reporting of all catalytic converter thefts, it did provide a look at the trends of catalytic converter thefts.
Catalytic converters contain platinum, palladium, or rhodium. In recent years the values of these precious metals have skyrocketed. As
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