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Daily Insurance Industry News
Monday 23rd of July 2018
January 3, 2012

AXA warns of a ‘year of risk’

by Richard Kilner

Story link: AXA warns of a ‘year of risk’

AXA warns of a ‘year of risk’

Home insurer AXA has warned Britons that a range of factors could make 2012 one of the riskiest on record for home insurance claims.

Britain is poised for an eventful year, including occasions such as the Olympics, the Diamond Jubilee, the possible continuation of drought conditions and ongoing economic pressure.

Thefts from homes increase by 24% when people leave to attend events, and there will be plenty to go and watch in the UK during 2012.

There are also fears that dry conditions could see a rise in subsidence, and theft and attempted theft rose by 12% in 2010 due to economic pressures, with a similar pattern seen in 2011.

Christine Matthews, head of household claims at AXA, advised homeowners to take precautions against theft whilst at the same time ensuring that their homes were properly maintained.

The advice comes as specialist insurer Ecclesiastical warns that church metal theft has hit an all-time high.

 

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