Insurance fraud levels soar

Insurers uncovered 133,000 fraudulent insurance claims worth 919m really, meaning the general public registered 2,500 fake claims obtain C an upturn of 9% on 2009, in line with figures with the Association of British Insurers. It said the amount and price of detected insurance frauds had risen by in excess of 100% over the last a few years.

Fraudulent claims cost the insurance policy industry nearly 2bn annually, adding a standard 44 annually towards the insurance bill per UK policyholder. The size and style of the problem has provoked insurers to setup a coverage fraud register early next season, which can contain info about insurance cheats.

The most popular frauds involved home owners insurance with 66,000 bogus or exaggerated claims discovered by insurers, accompanied by 40,000 dishonest car insurance policy claims. Motor frauds were the costliest, totalling 466m.

The ABI said one claim for back injuries sustained from the fall while building nightclub was rejected when Facebook images showed the claimant performing gymnastics and training for a charity run.

A woman’s claim for facial injuries she said resulted from your falling toilet roll holder in a take out outlet was rejected gets hotter was shown which the holder will have needed fallen upwards to result in the injury.

A claim for injury stated to be attributable to falling spanning a wall was rejected in the event it was proved there wasn’t any wall along at the scene on the alleged incident.

Nick Starling, the ABI’s director of general insurance and health, said: “Fraudsters continually hunt for new strategies to con insurers, so we are upping our game. Early this year, i will be generating national insurance fraud register, which could contain info about all known insurance cheats. Possibly at the same time the primary ever national police insurance fraud investigation unit will begin its operations, allowing it to be harder previously to commit insurance fraud.”

Glen Marr, director with the Insurance Fraud Bureau said the organisation wanted people to report anyone they suspected of committing insurance fraud via its Cheatline: “At the IFB, we’ve use of a significant number of industry data, use sophisticated and robust analytical software, be employed in partnership with insurers, authorities and regulators, and now have no shortage of reports being caused by consumers in their knowledge or suspicions of the people worried about defrauding that is a, through our Cheatline facility.

“It’s imperative that you underline that a few of these worried about insurance fraud will also be involved in criminal activities in which there is difficulties for local communities.”

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