Fraud costs the industry £1.1bn a year
Fraudulent insurance claims uncovered by insurers have topped £1.1bn a year as the industry’s clampdown on insurance cheats intensifies, according to a figures by the Association of British Insurers.
Figures from the ABI reveal that in 2012 insurers detected 124 292 bogus or exaggerated insurance claims, the equivalent of 2 390 a week, costing the industry £1.1bn a year or £21m every week.
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