Blog: Counterfeiting - how can insurers help in managing the risks?
Counterfeit goods is a global problem, with the death of more than 200 people in the UK linked to fake Xanax drugs a chilling reminder of the dangers. But Richard Houseago, director of property risks and coverage at Keoghs, says that's only the tip of the iceberg.
According to statistics from the US Customs Service such fake drugs account for around 4% of all seizures of counterfeit materials. Half of the fake goods seized by US Customs last year were fake
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