Daily Insurance Industry News
Daily Insurance Industry News
Thursday 18th of October 2018
November 17, 2009

AXA warns of Christmas crime wave

by Richard Kilner

Story link: AXA warns of Christmas crime wave

AXA warns of Christmas crime wave

Halifax is the nation’s capital of business crime, according to new crime statistics from AXA.

The figures place Wolverhampton as the worst area for theft, with arsonists preferring Kilmarnock.

Regionally, Greater London was the worst area of the country for crime, followed by Yorkshire & the Humber.

The only Scottish postcode area in the top 20 was Motherwell, at 17th, as although Kilmarnock is an arsonist hotspot it is not prone to above average crime rates in other categories.

AXA’s Business Crime Index shows that some of the areas hardest hit by the recession (such as the North and West Midlands) have become more crime-ridden as the economic decline continues.

Christmas could be a bumper criminal season, as the recession fuels theft and the time of year means that retailers have more goods and money on the premises.

AXA’s customer risk management head Doug Barnett has expressed the firm’s fears that the recession could lead to greater crime rates during Christmas.

Barnett went on to urge businesses to work together with local communities and police in taking anti-crime measures.

In April of this year the ABI revealed that insurance fraud was at an all time high, up 17% on the previous year, and in September the British Crime Survey showed that bike thefts had surged 22% year-on-year, with 540,000 bikes being stolen.


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