Crime costs continue to soar

Insurance Age staff
01 Aug 2004

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The cost of crimes against businesses is rising dramatically, with the average cost of crime related insurance claims settlements up on last year, according to the latest findings from Axa Business Crime Index.

The average value of crime related insurance claims settlements for the first three months of 2004 increased by just over 17% compared with Q4 of 2003. The findings also showed that nearly one in five (18.6%) of insurance claims paid out to businesses between January and March 2004

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