Author: Reginald Allison II

New Reports Reveal the State of Auto Theft in America

TUSCALOOSA, Ala. – Someone steals a vehicle every 36 seconds in the U.S., according to a recent report by the National Insurance Crime Bureau (NICB). Overall, there were 880,595 motor vehicle thefts nationwide in 2020. This 10 percent increase from the previous year is a sharp departure from several years of modest declines in auto crimes. The NICB notes that the pandemic created multiple national crises that correlate with the surprising increase in car theft rates.

The experts at have examined the state of auto theft in the U.S. in 2022 and determined that you are much more likely to experience motor vehicle theft in certain regions, states, and cities compared to the national average. The average motor vehicle theft rate is highest on the West Coast, with an average of 302 thefts per 100,000 inhabitants. Meanwhile, the rate is 1 percent lower in the South. Alabama saw a 7.5 percent drop in auto crimes, from 12,252 in 2019 to 11,336 in 2020, with an average car theft rate of 222 per 100,000 inhabitants. Florida and Georgia also saw rates decline by 3.3 percent and 3.5 percent, respectively. These three southeastern states were among the ten states to experience a decrease in motor vehicle thefts in 2020.

“Auto thefts saw a dramatic increase in 2020 versus 2019 in part due to the pandemic, an economic downturn, law enforcement realignment, depleted social and schooling programs, and, in still too many cases, owner complacency,” said David Glawe, president and CEO of the NICB. “For many people, a car is the second largest investment they will ever make behind a home. As such, it is important to take simple steps to protect your investment–lock your car and take your keys, no matter where you live.”

With auto crimes on the rise nationally, drivers should be vigilant and familiarize themselves with their insurance coverage. Comprehensive coverage helps pay to repair or replace a covered vehicle that is stolen or damaged by something other than a collision. However, it won’t cover items stolen from a car (like laptops) or aftermarket upgrades (like custom parts). Instead, a standard homeowners or renters insurance policy would cover personal property under the “off-premises coverage” clause. Drivers who have unfortunately fallen victim to car theft should take steps such as filing a police report, having the proper paperwork on hand when talking to their insurance company, and remembering to file a stolen vehicle report with the DMV.

This article was written by Reginald Allison II, Business Manager of ACIIR, with contributions from Aliza VigdermanDirector of Content of 

How Risky is Distracted Driving?

TUSCALOOSA, Ala. – Dr. Lars Powell, director of the Alabama Center for Insurance Information & Research (ACIIR), and Dr. Boyi Zhuang, an associate research professional at the ACIIR, presented on the riskiness of distracted driving at the 2022 Risk Theory Society Seminar on Saturday, May 21, 2022, at Baylor University.  

There is substantial and perhaps surprising disagreement among public policymakers, researchers, and citizens about the danger of distracted driving. Drs. Powell and Zhuang and their co-authors attempt to address this lack of consensus in the academic literature by analyzing data on fatal crashes.  

Their analysis suggests that distracted drivers are three times more likely to cause a fatal crash than focused drivers and that distracted drivers represent three to four percent of drivers on the road at any given time. Additionally, the societal cost (externality) of distracted driving is between $.03 and $.07 per mile. The insurance surcharge for a distracted driving citation that could internalize the avoidable insurance losses is approximately $424 per year. These findings extend the literature on distracted driving and traffic fatalities, and can help inform policymakers on the traffic safety and economic consequences of distracted driving.

Click here to view their paper co-authored by Florida State University associate professors Dr. Bradley Karl and Dr. Charles M. Nyce. 

Alabama Department of Insurance Renews National Accreditation

Alabama circled with red marker on map. Close up shot.

TUSCALOOSA, Ala. –  The Alabama Department of Insurance has been re-accredited by the National Association of Insurance Commissioners (NAIC). The renewed accreditation was approved by NAIC’s Financial Regulation Standards and Accreditation Committee during NAIC’s Spring National Meeting in Kansas City, MO, on April 4–8, 2022.

“I want to thank the NAIC for their rigorous review as well as the employees of the Alabama Department of Insurance for their professionalism in ensuring we continue to meet and exceed standards and lead the way in insurance regulation,” said Alabama Insurance Commissioner Jim Ridling.

The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. The NAIC has a formal certification program to accredit each state’s insurance regulator, requiring risk-focused financial surveillance to include on-site examinations, and requires solvency-related model laws, rules, and guidelines that have been adopted through consensus and collaboration. Accredited insurance departments undergo a comprehensive review by an independent review team every five years to ensure the departments continue to meet baseline financial solvency oversight standards. The Alabama Department of Insurance has been continuously accredited by the NAIC since 1995.

12 Insurance Companies Among the ‘World’s Most Ethical Companies’ for 2022

TUSCALOOSA, Ala. –  The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, named 12 insurance companies to its 2022 list of “World’s Most Ethical Companies.”

The 16th annual list recognizes companies “that have demonstrated a commitment to ethical business practices through programs that positively impact employees, communities and broader stakeholders, and contribute to sustainable and profitable long-term business performance.”

This year, 136 honorees from 22 countries and 45 industries earned the coveted designation. Of those honorees, 12 companies were recognized in the industry categories of Accident & Life Insurance, Health Insurance, Insurance Brokers, Insurance, and Property & Casualty Insurance. Those 12 companies are:

  • Aflac Incorporated  
  • Allianz Life Insurance Company of North America
  • Blue Shield of California
  • Cambia Health Solutions
  • CareFirst BlueCross BlueShield
  • Gallagher
  • Health Care Service Corporation
  • Marsh McLennan
  • Pacific Life
  • The Allstate Corporation
  • The Hartford
  • Unum

Marsh McLennan is one of 14 first-time honorees this year, and Aflac is one of six 16-time recipients, having received the award every year since its inception in 2007.  In addition to the 12 insurance companies, Ethisphere also recognized three pharmaceutical companies (Eli Lilly, Lonza, and Pfizer), one health care products company (Henry Schein), and one medical device company (Edwards Lifesciences).

To identify the world’s most ethical companies for 2022, Ethisphere used its proprietary Ethics Quotient rating system to evaluate participating organizations on more than 200 data points across five categories: ethics and compliance programs (35% of overall score), culture of ethics (20%), environmental and social impact (20%), governance (15%), and leadership and reputation (10%). 

Ethisphere updated the evaluation this year to include questions regarding programmatic changes made due to the COVID-19 pandemic. It also added a new area around risk assessment to address the U.S. Department of Justice’s recent emphasis on the effectiveness of a company’s risk assessment effort.

“The moment is now, and the data is clear—companies must lead on sustainability, social issues, and governance. The World’s Most Ethical Companies understand that the capitalism of today and tomorrow is one that demonstrates how we turn our ideals into action,” said Ethisphere CEO Timothy Erblich in a news release. “Congratulations to the 2022 honorees for their dedication to advancing business integrity, for leadership on tough issues, and demonstrating that doing good is key to successful, long-term performance.” 

Ethisphere will honor this year’s laureates at the Virtual Honoree Gala on April 12, 2022. The event will feature keynote addresses by Academy Award®\–winning actor Matthew McConaughey and six-time Sports Emmy Award winner Ernie Johnson.