Report reveals rising cost of fraud
Fraudulent insurance claims are now costing insurers and honest customers over £4 million every day, according to figures released today by the ABI. Initial findings from ABI research estimate the annual cost of insurance fraud to be £1.6bn.
In the survey, one-in-ten adults admitted to having cheated on their insurance. These cheats push up the cost of insurance, adding nearly £40 to the average premium paid each year by honest
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