In Amazon's case it's also possible to argue that the cost of fraud, waste and loss is passed on to honest consumers in the form of overall lower prices.
Customer service policies like this are a significant part of what allowed Amazon to grow to be the company it is today, and Amazon has used that power (some would say abused it), to drive prices lower than they would otherwise have been on many items.
> Especially when that convenience means having an item re-shipped to a different address that I never used before,
I'm personally very glad that they allow this, having had to had a broken Kindle replaced whilst on holiday in a different country.