L&G warns of increase in burglaries
Legal & General (L&G) has queried the findings of the British Crime Survey which reported a 14% increase in burglaries in England and Wales but found “no evidence” that the recession is having an impact on overall crime figures.
Malcolm Cooper, director of underwriting at L&G's general insurance business, said: "We firmly believe that there is a correlation between recessions and theft and burglary claims."
He continued: "Although we agree that linking crime stats to recession is not simple, we do believe that we're still to see the full impact of the credit-crunch and expect there to be some impact on theft and burglary claims still to work through.
"We are keeping a very close look-out for any early signs of an
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