September 30th, 2016
If you thought insurance fraud was a victimless crime: think again. Insurance fraud is estimated to cost a staggering £1.3 billion a year and it’s something that the industry takes very seriously. The Association of British Insurers have published a report on the ongoing clampdown and the good news is that life is getting much tougher for the cheats. Read the rest of this entry »
July 15th, 2016
Police are urging motorists looking for insurance deals to keep their wits about them and be wary of fraudsters lurking in the darkest corners of the web. A phenomenon nicknamed ‘ghost broking’ is a growing problem as phantom insurance sellers get increasingly sophisticated. Read the rest of this entry »
May 29th, 2015
Identity theft is a growing problem that everybody needs to take much more seriously. A recent report by a leading fraud prevention agency has revealed the number of victims of identity theft rose by nearly a third in the first quarter of 2015. If the trend continues it’s estimated that more than 128,000 Britons will have their identity stolen by the end of the year. Read the rest of this entry »
October 28th, 2013
The government has announced a raft of measures aimed at cutting the cost of motoring. Quoteline Direct looks at what they have got planned and asks whether their figures really add-up.
Motorists have been having a tough time of it recently so any help from the government is welcome and the latest round of pledges should make a real difference, although some more than others. Read the rest of this entry »
October 8th, 2013
Rip-off insurance claims have hit more than £1 billion a year for the first time. Figures released by the Association of British Insurers make for grim reading and include the following:
- Insurers detected 124,292 bogus or exaggerated insurance claims, the equivalent of 2,390 a week. The value of these frauds was £1.1 billion or £21 million uncovered every week
- The most common scam is home insurance fraud, with 51,000 bogus claims worth £95.5 million detected in 2012
- 42,700 fraudulent motor insurance claims costing £614 million were uncovered
- The value of fraudulent claims doubled between 2007 and 2012, while detected frauds increased by a third.
- The Insurance Fraud Bureau, an industry-funded organisation, is helping police investigate on 60 criminal gangs involved in £75 million of insurance scams
Read the rest of this entry »
August 20th, 2013
You’ve heard of Crash for Cash, but have you heard of Flash for Cash? Motorists are being warned of a new scam where criminals will flash their lights at a junction in order to let a vehicle out; then deliberately crash into it to make an insurance claim.
Modern motoring can be combative at times and a show of manners by other road users can be a welcome surprise. However, it seems that the insurance cheats are determined to take away such simple pleasures by changing our driving habits. Read the rest of this entry »
April 22nd, 2013
Identity theft is a growing crime that affects 1.8 million people in the UK and is estimated to cost the economy an eye-watering£2.7 billion each year. Despite the fact that most people have heard of identity theft, a surprisingly large number fail to take these simple steps to help stamp-out identity fraud. Read the rest of this entry »
February 28th, 2013
There’s a growing body of evidence to suggest that insurance providers are getting stricter over paying out claims, but do the figures add-up?
According to figures from the British Insurance Brokers’ Association; 90% of brokers believe that insurance providers are getting stricter with payouts. And they are pinning the blame on the ongoing financial climate and the growing number of fraudulent insurance claims. Read the rest of this entry »
October 5th, 2012
Insurance fraudsters are costing honest householders and drivers £50 a year extra on their policies with crooked claims, according to the Association of British Insurers (ABI).
Investigators uncover around 2,670 false claims valued at £19 million every week, says the ABI. Last year, fraudsters tried to con money out of insurers with 139,000 bogus claims for £983 million. Read the rest of this entry »