Norwich Union: Burglaries could rise by 50%
www.moneynews.co.uk > Insurance > Norwich Union: Burglaries could rise by 50%
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Norwich Union: Burglaries could rise by 50%
Fri 24th Apr 2009
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The latest figures from the home office reveal that there were 240,000 burglaries in the UK last year and Norwich Union claims this figure could rise by a further 140,000 as unemployment makes people increasingly desperate.
Norwich Union calculated that this could mean £420 million pounds worth of household contents will be stolen in the UK this year.
Simon Warsop, director of home pricing, at Norwich Union, said: "History shows that when unemployment rises we also see an increase in crime and unfortunately the latest home office figures obviously show an upward trend in domestic burglary"
Norwich Union, which is the UK's largest general insurance provider, is currently undergoing a rebranding exercise and will be known as Aviva from this summer.
Click here for more home insurance news
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Related News : Aviva |
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