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Daily Insurance Industry News
Friday 27th of April 2018
October 26, 2009

Malicious damage claims about to rise

by Gill Montia

Story link: Malicious damage claims about to rise

Malicious damage claims about to rise

AXA is highlighting the increased risk of malicious damage at Halloween and on Bonfire Night.

Malicious acts to property rise throughout the week starting 31st October, peaking on 5th November when claims involving incidents of this sort increase 350% against the average, compared with a 270% rise at Halloween.

This year, Halloween falls on a Saturday, which is already the worst day of the week for malicious damage.

The insurer is therefore urging parents and the police to help stop homeowners becoming the victims of irresponsible behaviour linked to fireworks and trick or treating.

Claims seen by the company last year included broken windows and malicious firework damage, mainly where devices were pushed through letterboxes, with an average claim of nearly £1,000 as a result.

The group’s head of household underwriting, Nick Kidd, says: “We don’t want to ruin anybody’s fun on Halloween or Bonfire Night but … people should take extra care to ensure windows and doors are locked, garden gates are secured and outbuildings, such as garages or sheds are locked.”

In other AXA news, the group recently confirmed that it has been included in the Dow Jones Sustainability Indexes for 2009.

The indexes select the top 10% most advanced companies in terms of sustainable development in the world and AXA takes its place alongside 13 other insurance companies.

The group is positioned significantly above the sector’s average in the following areas: risk detection, crisis management, brand management, stakeholder engagement, environmental policy / management system, business risks and opportunities, social reporting, occupational Health & Safety and standards for suppliers.

 

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