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Tough Times Prompt Spike In Employee Theft, Chubb Warns

Since desperate times often prompt desperate measures, companies should be on the lookout for a spike in criminal acts by employees fearful of losing their jobs in a worsening economy, risk managers were warned here yesterday.

By Staff Writer | Updated on April 21, 2009

NU Online News Service, April 22, 11:17 a.m. EDT

ORLANDO, FLA.–Since desperate times often prompt desperate measures, companies should be on the lookout for a spike in criminal acts by employees fearful of losing their jobs in a worsening economy, risk managers were warned here yesterday.

With millions laid off over the past six months and more personnel cutbacks looming at companies across the country, loss control measures need to be ramped up, according to Greg Bangs, vice president and product manager for crime, kidnap/ransom, extortion and workplace violence expense coverage at Chubb Group.

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