Nick Smith, a director at loss adjuster Charles Taylor, said his company had dealt with 14 super yacht claims embroiled in "suspicious circumstances" over the past six months.
Superyacht Owners Turn To Arson To Get Through Austerity -- The Telegraph
We've had riots, political upheaval and market volatility. Now the eurozone debt crisis is forcing millionaires in hard-hit European countries to ditch their luxury yachts in suspicious circumstances.
Insurers across the Lloyd's of London market have complained of a spike in fraudulent claims linked to yachts worth about €2m (£1.6m). Most of the claims originate from the Mediterranean, with hotspots including the port of Piraeus in Greece.
Nick Smith, a director at loss adjuster Charles Taylor, said his company had dealt with 14 super yacht claims embroiled in "suspicious circumstances" over the past six months.
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My Comment: Tough times are even hitting the super-yacht owners .... but I will not shed a tear for them.
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