Auto insurance fraud is growing in the UK

August 19, 2015August 17, 2015 Marc

auto insurance refund Senior Man Driving A Toy Racing Car

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…

Auto insurance premiums to rise in the UK

August 13, 2015August 13, 2015 Logan B.

Esure announces that it intends to raise insurance premiums Esure, a prominent auto insurance provider in the United Kingdom, has warned its customers that it intends to raise premiums for the policies it provides. The company is citing the growing number of personal injury claims as the reason behind the rate increase. Esure has generated more than $3 million in auto insurance underwriting profits from January to June this year. This is a 80% decrease in the profits the company say over the same period last year. Insurer highlights the…