metal theft claims News

Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the insurance industry. “[Metal theft] is a …

Metal theft claims have risen 36 percent in the three years since January, 2010, according to an insurance research organization. The National Insurance Crime Bureau (NICB) said it is seeing more evidence of pervasive metal theft—overwhelmingly copper—across the nation. The …