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Jul/090
Jul/090
Fraudulent Claims push up premiums
Fraudulent car crash claims have increased by 70% over the last 3 years costing insurers millions of pounds. £260million fraudulent claims were discovered last year alone.
Now, insurance companies are spending money on reducing this number by introducing a ‘crash for cash’ scheme to whittle out the scam artists. Insurers claim it is not fair that good honest people have to pay, on average, £40 a year extra on their insurance premiums. They are now thoroughly investigating claims and sharing fraudulent claimants with other insurers to prevent more fraud occurring in the future. This bid will hopefully bring down premiums in the future.
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