New Database to Fight Fraudulent Car Insurance Claims
A new database aims to cut insurance fraud
20th January 2005
A new database is being set up by the Association of British Insurers to help combat car insurance fraud, which is estimated to cost up to £500m a year.
A common form of fraud is insuring the same vehicle with multiple insurers, and then staging an accident to claim multiple times.
The new database, which combines information held by individual insurers with some held by the police, will make it much easier to spot these fradulent claims.
The ABI comment that dishonest claims are paid for by the premiums of honest drivers, and so cutting fraud will benefit everyone.
Read More: Association of British Insurers
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More on Insurance Fraud : Insurance Fraud Bureau Launched (News, 27/07/2006), One in 10 Lie to Insurance Companies (News, 11/05/2005), Car Insurance Fraud Database Claims First Scalp (News, 04/05/2005), Premiums Inflated by Dishonest Claims (News, 14/04/2005), eSure to use 'lie detector' technology (News, 30/11/2003) |
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