Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Dishonest Car Owners cost Insurance Co. £410m

The fraudulent claim for the insurance money seems to highest in 2009, according to the data released by Association of British Insurers (ABI). Total Dishonest motor insurance claims was about £410 million last year.

ABI found that during 2009, insurers exposed more than 2300 bogus claims in all types of insurance every week. Four per cent of all claims by cost were fraudulent.

Nick Starling, the ABI's Director of General Insurance and Health, said: "Reducing fraud remains an ongoing battle for the insurance industry. Our honest customers rightly object to having to pay higher premiums to subsidise the fraudulent minority."
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