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Daily Insurance Industry News
Saturday 20th of January 2018
July 1, 2010

Ecclesiastical reports increasing metal theft

by Richard Kilner

Story link: Ecclesiastical reports increasing metal theft

Niche and faith insurance specialist Ecclesiastical has forecast that 2010 will prove to be the second worst year on record for metal theft.

In the first five months of the year the firm received 722 claims for metal theft, worth a total of £1.6m.

The worst year on record was 2008, which saw 1,382 claims worth £4.2m in the first five months of the year.

Unsurprisingly lead stolen from churches remains the most common sort of claim, but now one in five claims are from non-faith sources such as schools and heritage buildings.

In response to the rising rate of thefts, Ecclesiastical has warned that security measures may need to be bolstered.

Claims and Risk Services Director David Bonehill has described the rising trend as very worrying, adding that, for its customer base, four cases of theft occurred each day.

Bonehill added that there was a direct relationship between the number of thefts recorded and the price of metals on the market.

 

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