OMAHA, April 1 (UPI) -- American consumers can save billions of dollars in replacing stolen phones and cellphone insurance if only cellphones came with a "kill switch."
According to research from Creighton University, Americans annually spend $4.8 billion on cellphone insurance and $580 million on replacing phones that they have lost. The Creighton study estimated that consumers could save $2.6 billion a year if they phones had "kill switches" installed.