Putting the freeze on fraud
Although insurance companies record an estimated £1bn-worth of fraud each year, this is probably just a very small proportion of the total amount that lies beneath the surface. Mira Butterworth stresses that insurers must work together to give fraudsters the cold shoulder.
Fraudulent claims within the home and motor insurance industryclocked up more than £1bn in losses last year, according to the
Association of British Insurers.
But this is only an estimate and it is
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