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Daily Insurance Industry News
Friday 26th of April 2019
August 16, 2012

AXA reports rise in business crime

by Richard Kilner

Story link: AXA reports rise in business crime

AXA reports rise in business crime

AXA’s latest Business Crime Index has reported that the riots of last August contributed to a 3% rise in crime against businesses.

However, there has been a general rise for the last few years in anti-business crime, with the previous year also seeing a 3% increase.

As might be expected, there is a varying degree of crime in differing areas, with the worst affected seeing crime rates soar by 16%.

Theft is far and away the most common sort of crime committed against businesses, accounting for three-quarters (74%) of anti-business crime.

Both the number of thefts and the average cost of each theft has increased by 6%, with the average value of stolen goods now almost £4,000.

Malicious damage claims fell by 10% but arson increased by 10%, the biggest rise in the last year (excluding the riots).

Earlier this year Bluefin reported that metal thieves were targeting fleets of business vehicles, and that theft of catalytic convertors had more than doubled over a five month period from 1,100 to 2,300.


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