A new batch of loss statistics indicates that accidental damagecontinues to be the primary cause of loss for insurancecompanies.
The study, conducted by Safeware Insurance Agency, is based onan analysis of all computer and portable electronics claims paid in2006 and 2007.
According to the analysis, accidental damage accounted for 58.8percent of all claims paid in 2007. Theft is the No. 2 cause ofloss with 18.7 percent of all claims paid. The study reported anoverall 29 percent increase in theft claims from 2006 to 2007. Theincrease is due in large part to the growing use of laptops andportable electronics in the classroom and among businessprofessionals. Safeware classifies this segment of their businessas 'Fleet' policyholders, a demographic that includes largebusinesses, colleges, universities, and primary and secondaryschools. This group had a 32 percent increase in theft occurrencesin 2007 over the prior year.
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