Auto insurance fraud is growing in the UK

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Fraud is beginning to expand throughout the United Kingdom Auto insurance fraud continues to expand in the United Kingdom. According to the Association of British Insurers, fraud is quickly becoming one of the most problematic challenges that the insurance industry is facing. The number of fraudulent insurance applications, in particular, is increase, which is beginning to put more strain on insurance companies and is leading to higher costs as insurers invest more in anti-fraud measures. Auto insurance fraud is likely to place consumers under greater financial pressure, as well, as…

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Widespread auto insurance fraud detected through driver database

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Within the first year that insurers have had access to this database, there has been an 18 percent increase in detection. By the first anniversary of the day that the government in the United Kingdom provided auto insurance companies with access to the details of more than 40 million motorist details through a driver database, the insurers were capable of using the information to detect a far higher number of fraudulent applications. In fact, there was an 18 percent increase in the number of detection of lies on application forms…

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Auto insurance fraud is coming back to the UK

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Insurers are seeing a growing number of fraudulent whiplash claims coming from drivers and other parties Drivers in the United Kingdom can expect to pay more for their auto insurance coverage, as the plague of fraudulent whiplash claims has returned and may be worse than ever. Fraud has placed many insurers under greater financial pressure, and falling profits typically mean higher insurance premiums. As fraud becomes more prevalent, drivers may see an increase in their auto insurance premiums of an average of 15% next year. Fraud is becoming more common…

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Massive insurance fraud scam involves 33 people crashing cars

auto insurance fraud accident

In Santa Clara County auto insurers were scammed by a huge number of their policyholders. According to the Office of the District Attorney in Santa Clara County, there were 33 people involved in a tremendous insurance fraud scam, as they deliberately crashed older cars into each other in order to be able to file claims. The insurance companies were the victims of an alleged scam that had them paying for the deliberate crashes. The majority of the defendants were from San Jose. Each of them has now been charged with…

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Auto insurance fraud could lead to a spike in premiums in the UK

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Insurance premiums may rise due to insurance fraud Auto insurance prices in the United Kingdom may be in danger of spiraling out of control, according to AA Insurance. Over the past few years, insurance premiums have been falling for drivers throughout the country, but this may soon change if action is not taken against the growing problem of insurance fraud. AA Insurance suggests that fraud is becoming a very problematic issue in the auto insurance sector, with insurers facing significant financial losses from fraudulent claims. Fraudulent claims are having an…

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