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Fraud rises 30%, according to ABI

Insurers are detecting record levels of fraudulent insurance claims – 2000 every week, worth £14m – according to figures released today by the Association of British Insurers.

The ABI figures show that in 2008, 107 000 fraudulent insurance claims were exposed – a rise of 17% on 2007. The value of these claims, at £730 million, rose by 30% on the previous year.

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Throwback Thursday: Cheaper motor insurance

Insurance Post’s Throwback Thursday steps back in time to September 1981 to remind you what was going on this week in insurance history when General Accident was placing several regions of the UK in lower rating areas for private cars.

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