– Nick Starling, the ABI's director of general insurance
Metal thieves are putting lives at risk, causing expensive damage and massive disruption.
From delayed train journeys to loss of telephone and internet connections, to damaged churches, most people are affected by this crime.
We support government action to make it harder to sell on stolen metal and tougher penalties for offenders.
Insurers have a key role to play, not only compensating those insured, but in helping their customers take sensible security measures to reduce this ever-present threat.
This is why we are working with the government to crack down on metal thefts.
Insurers are paying out more than £1 million a week to the victims of metal theft, the industry's association said today.
- There are now 1,000 metal thefts per week.
- The disruption is estimated to cost the economy £770 million a year.
- The Association of British Insurers said that in the past five years 300 tonnes of metal was stolen per week, which is the equivalent of 300 cars.