24 April 09 - 14:21UK insurance fraud up
A series of minor stories to make the news during this economic crisis is the issue of increasing fraud and avoidance hitting the insurance industry.While there's little call to be unduly sympathetic to insurers, it remains a concern to all consumers because policy premiums are simply increased to pay for the costs of fraud, which hits everybody.
In this month alone we've seen a couple of different stories come up on this. On the one hand, is the frightening statistic that police are now seizing 460 uninsured vehicles per day. That's well over 150,000 vehicles per year. And the figure appears to be increasing because some people think they can no longer afford their car insurance, and so drive without any protection. ... (more)
