Fraudulent insurance claims on the rise due to recession

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Fraudulent insurance claims on the rise due to recession

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04-16-2009, 10:03 AM

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Fraudulent insurance claims on the rise due to recession

According to the Association of British Insurers (ABI), the recession has sparked an increase in the number of fraudulent insurance claims. The ABI found that around 107,000 claims totalling £730 million were false last year - this value was up 30% on 2007, with the figure rising since 2004. Figures show that the most common fraudulent claims [...]

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