When must insurance companies report incidents to the NICB?

Insurance companies must report all vehicle thefts and fires to the National Insurance Crime Bureau (NICB) due to the potential for these incidents to be associated with criminal activity. The NICB is a nonprofit organization that partners with various insurers and law enforcement to combat insurance fraud and vehicle theft. Reporting these specific types of incidents helps in tracking patterns of crime and in the recovery of stolen vehicles.

This reporting requirement is crucial for enhancing public safety, as it enables law enforcement to analyze data on vehicle theft and arson, facilitating investigations and preventing future occurrences. The emphasis on reporting all incidents of vehicle theft and fire reflects the recognition that these are significant areas of concern within the insurance and law enforcement communities.

While the other options provided may hold significance in different contexts, they do not encompass the comprehensive stance taken by the NICB regarding vehicle thefts and fires.