Insurers expose £5m of motor fraud a week
Insurers uncovered a record amount of fraudulent motor claims in 2007 amounting to £5m a week, says the Association of British Insurers (ABI).
Insurers exposed 24,000 cases of motor fraud worth £260 million, or £5 million every week. The number of dishonest motor claims detected has risen by 70% over the last three years.
The ABI said dishonest motorists who see insurance as a way to clear their debts or make money are in for a nasty surprise.
In total in 2007, ABI members uncovered 91,000 fraudulent claims under motor, household, travel, and liability insurances. The total savings amounted to £557 million.
See full article by Lauren MacGillivray at http://www.insurancetimes.co.uk/story.asp?sectioncode=13&storycode=372632&c=2