Скачать или смотреть Binary Stars: How Crime Shapes Insurance and Insurance Shapes Crime

Tom Baker and Anja Shortland, February 23, 2023. Crime creates demand for insurance but supplying insurance may promote crime. The authors conceptualize insurance and crime as binary stars, co-evolving as each innovates. They examine five case studies: auto theft, art theft, kidnap and hijack for ransom, ransomware, and payment card fraud. They find insurers engage with insureds and third parties to reduce criminal opportunities, limit damage, salvage stolen property, cap criminal profits, and increase the risk of detection. “Insurance as crime governance” erects barriers to opportunistic crime, engages in strategic interaction with organized crime, tolerates crime if prevention is too costly, and avoids covering non-profit-motivated crimes.