Why should I worry about theft, thats why I have insurance?
With six-figure claims more the rule than the exception, insurers are paying more attention to the issue of high-value components. Furthermore, some losses are uninsurable because they result from disappearance or inventory shortage. Then there are the companies that have been hit several times and are now at risk of having their policy canceled. It was reported that the Chubb Insurance Group paid less than $3 million to victims of high-tech robbers, while a year later, the figure had surged to $15 million. This year, Chubb expects another clear increase in damage claims. In fact, the increase of high-tech crime has led Chubb to form the Technology Theft Prevention Foundation. This group is focusing insurance, electronics and law enforcement resources at this growing problem. In the future, look for insurers to increase premiums and start requiring various security measures to be implemented before they issue a policy.
