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Carjacking Spikes Worry Insurance Industry; Could Lead to Higher Premiums

Financial Concepts

Definition

Carjackings have spiked in recent years, along with auto thefts, and besides some victims enduring the trauma of a sometimes violent event, many auto owners may be paying the price with increased car insurance premiums. KEY TAKEAWAYS Car thefts rose almost 30% in 2021 over 2017, according to data from NICB. Most carjackings are now committed by juveniles who sometimes might be part of a larger rin

In Panel Profits

In the Panel Profits market platform, Carjacking Spikes Worry Insurance Industry; Could Lead to Higher Premiums applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.