Crash for Cash Scams
May 30th, 2014
Every day 164 bogus claims are made pushing up insurance premiums to every driver by £90. There is an 18 per cent increase in ‘Crash for Cash’ scams claimed insurance companies yesterday. The staged crashes and false claims helped fuel the increase in insurance fraud last year, costing £1.3billion. Nearly two thirds of this was paid out to motoring claimants – with the equivalent of 164 crash scams exposed every day. Insurance chiefs warn the true figures could be much higher…