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Heads-up advice from the experts at Burns & Wilcox, Lockton Cos. and Zurich Services Corp.

Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.

As both the price of copper and unemployment rates rise, the increase in thefts of this and other metals looms large for insurers and risk managers as vacant buildings and construction sites are being stripped of wiring, pipes and other copper-containing elements.

As the price of copper and unemployment rates rise, theft of copper and other metals looms large for insurers and risk managers.

Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.