News Tag: insurance fraud
July 27, 2009
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% increase compared to 2007.
As insurers have ...
Insurance fraud costs £1.9bn per year
by David Masters
May 1, 2009
Premium hikes on car insurance will leave motorists 'infuriated', a price comparison site claimed this week.
Gocompare.com said insurers are raising premiums by record amounts due to soaring claims costs and increased insurance fraud.
Hayley Parsons, Gocompare.com chief executive, said: "These increases are likely to infuriate drivers when they are passed on via their renewal quote."
She added: "Those drivers who simply accept their renewal ...
Premium hikes to ‘infuriate’ motorists
by David Masters
March 10, 2009
Being 'economical with the truth' when buying car insurance is false economy, motor insurer the AA has warned.
Failing to admit to previous claims or convictions is insurance fraud, the AA said, and will result in insurance being voided if the cover-up is discovered.
"Not telling the whole truth amounts to fraud and can result in your cover being voided, possible prosecution and ...
AA warns against car insurance fraud
by David Masters
