The rise of identity theft incidents along with increasing general concern about their ramifications has prompted the property-casualty industry to offer products to ease those fears. [@@]

While banks and credit card companies for the most part reimburse customers for any false charges, p-c companies have focused on those expenses policyholders incur to get their lives back in order.

According to a recent survey conducted by Chubb, 28 percent of those polled fear it would take more than a year to regain their identity and clear their credit. Forty percent of those polled felt it would cost more than $1,000 to complete the process.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.