Auto insurance scam popping up throughout UK

auto insurance flash and crash fraud

Drivers are being cautioned about a new kind of fraud called “Flash and Crash” by the industry. Auto insurance industry officials in the United Kingdom are cautioning motorists regarding a new type of scam that has developed and that is becoming more widespread in the country, called “flash and crash”. The scam involves tricking drivers into thinking that a good Samaritan is helping them out. The way that the auto insurance scam functions is that the fraudsters wait for victims to start to drive out of parking lots, gas stations,…

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U.K. auto insurance rates rise as large claims shrink

This year has shown a continuation of the increase in car insurance rates in the United Kingdom, as some motorists find themselves faced with premiums that are as much as 50 percent higher than they were in 2010. Equally, according to the U.K. Motor Market Review, which is performed annually by top reinsurance advisor (and part of global insurance broker, Willis Group Holdings) Willis Re, the number and frequency of large claims from serious injuries and deaths resulting from crashes in the country have fallen by a notable 10 percent…

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Minnesota no fault insurance system may crack under pressure

Minnesota’s no-fault auto insurance law has been under fire recently. Opponents of the law have been trying for some time to repeal the legislation, with their latest attempt again being overruled today. However, the state’s Senate committee approved a number of amendments to the law that may curb legislators drive to repeal it. The committee will also be examining alternatives to the law that will favor insurance companies by limiting payouts. The number of underinsured and uninsured drivers in the state is rising, according to Deputy Senate Majority Leader Geoff…

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Alabama: A new bill to stop distracted drivers voted on

Republican Representative Jim McClendon is sponsoring a bill in the Alabama House that will make texting while driving an illegal offense. McClendon sponsored a similar bill last year, but the Senate voted it down. The Republican Representative is cautiously optimistic that the bill will be passed by this year’s Senate. Texting while driving, or talking on the phone, falls in the “distracted driving” category. This has become an issue severe enough that most states are starting campaigns to raise awareness about the seriousness of it. Pilot programs were done in…

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