Undetected insurance fraud has increased 24% in the past two years, the Association of British Insurers (ABI) said this week.Insurance fraud has soared to an estimated £1.9 billion per year, the ABI said, equivalent to £5.2 million per day.Detected insurance fraud has also increased, with £730 million worth of claims rejected in 2008, a 30% [...]
Insurance fraud costs £1.9bn per year
