As Crime Rates Rise, Tenant Security Must Increase
White Paper Summary
Violent crime rates across the United States were up significantly in the first half of 2021, compared to the same period in 2020, according to a report published by the Council on Criminal Justice. The findings of the report show that homicide rates were 16% higher, and incidents of aggravated assault, motor vehicle theft, and domestic violence were up nine %, 21%, and two %, respectively.
While the bulk of these crimes occurred in urban centers, rural and suburban regions of the country were not immune, compelling President Biden and the U.S. Department of Justice to announce new measures in June 2021 to combat gun violence and other violent offenses.
For owners and managers of commercial and residential properties, the recent crime wave is a red flag that should alert them to the need to ensure adequate internal and external premises security. Jury verdicts and settlements against real estate firms are rising for cases alleging insufficient security measures for protecting residents and visitors against violent crimes that are more frequent and costly, according to QBE North America’s claims data.
“The risk of violent crime has become a very real and regular occurrence,” said Mitch Nelson, VP, Major Case Unit, Excess Claims, and TPA Liability for QBE North America. “So, at the same time, jury verdicts and settlements brought against property owners are also becoming more commonplace.”
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