Insurance fraud scam in the UK to cost another £1 billion

Insurance fraud decision

Banks are now facing a massive bill to pay for millions of customers back for mis-sold products. Millions of customers throughout the United Kingdom who were mis-sold credit card theft policies will be receiving a portion of an insurance fraud compensation fund payout that currently totals £1 billion. The compensations will be issued to the qualifying customers over the next few months. Eligible customers for the insurance fraud compensation payout are from Barclays, HSBC, Nationwide, Santander, and NatWest. They will be receiving the payment that is due to them at…

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