I think a better interpretation would be: Enough people think porch pirates steal so many packages that insurance companies are able to sell them insurance. N

I think a better interpretation would be: Enough people think porch pirates steal so many packages that insurance companies are able to sell them insurance. Not to say the problem doesn't exist, it definitely does, but a goal of insurance companies is to profit from people's skewed perception of an event being more likely than it actually is. I bet they'll use stats from Manhattan to sell insurance in rural Wyoming. When I see insurance for things like this, it's not an indication that it's a big problem, it's an indication that people think it's a big problem.