ABI reveals fraudulent claims cost more than £16m a week
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers (ABI).
Last year, over 2,000 dishonest insurance claims worth more than £16m were detected every week.
The ABI figures show that in 2009 a total of 122,000 fraudulent insurance claims were uncovered, up 14% on 2008.
The value of these claims, at £840m, rose by 14% on the previous year. Motor insurance frauds were highest by value, with dishonest claims totalling £410 million uncovered. The most common frauds involved home insurance, with 62,000 bogus or exaggerated claims detected.
Some 4% of all
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