Insurance scams drop by nearly a fifth, but value jumps as fraudsters ‘aim big’

Belgique Nouvelles Nouvelles

Insurance scams drop by nearly a fifth, but value jumps as fraudsters ‘aim big’
Belgique Dernières Nouvelles,Belgique Actualités
  • 📰 Observer_Owl
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

The Association of British Insurers said the number of fraudulent claims dropped by 19 to 72,600 last year, marking the lowest figure since 2005.

Fraudulent insurance claims tumbled by nearly a fifth to the lowest level since 2005 last year but the value of the average scam surged to a record £15,000 as fraudsters are increasingly “aiming big”, according to a report.

The latest figures show the average value of an insurance fraud soared by 20% to an all-time high of £15,000 last year. Mark Allen, the ABI’s assistant director and head of fraud and financial crime, said: “While it is good to see the industry’s collaborative efforts delivered results in 2022, there can be no room for complacency.

“These latest figures highlight that some fraudsters are aiming big, with some large frauds uncovered.In one example of a recent fraud case, a man was jailed for 16 months for making 15 bogus travel insurance claims worth £75,000, using the identities of people he knew. In most cases, she made up the names and breeds of the animals for which she had taken out the cover.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Observer_Owl /  🏆 18. in UK

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Insurance scams drop by nearly a fifth, but value jumps as fraudsters ‘aim big’Insurance scams drop by nearly a fifth, but value jumps as fraudsters ‘aim big’The Association of British Insurers said the number of fraudulent claims dropped by 19 to 72,600 last year, marking the lowest figure since 2005.
Lire la suite »

Insurance coverage for implantable penile prostheses varies by type of insuranceInsurance coverage for implantable penile prostheses varies by type of insuranceImplantable penile prostheses (IPPs) are an established treatment option for erectile dysfunction (ED), and are covered by insurance in about 80% of cases, reports a paper in the September issue of Urology Practice®, an Official Journal of the American Urological Association (AUA).
Lire la suite »

Is there an association between sleep-disordered breathing and Alzheimer's disease?Is there an association between sleep-disordered breathing and Alzheimer's disease?Researchers evaluated the impact of sleep-disordered breathing (SDB) on neuroimaging biomarkers of Alzheimer's disease (AD).
Lire la suite »

For men with erectile dysfunction, penile implants are usually covered by insurance, but not alwaysFor men with erectile dysfunction, penile implants are usually covered by insurance, but not alwaysImplantable penile prostheses (IPPs) are an established treatment option for erectile dysfunction (ED), and are covered by insurance in about 80% of cases, reports a paper in the September issue of Urology Practice.
Lire la suite »

- latest: Save hundreds on car insurance by renewing on different date- latest: Save hundreds on car insurance by renewing on different dateAmid soaring car insurance costs, new research from Money Saving Expert has found the perfect time to check for car insurance quotes is 23 days before renewal. Listen to a Daily podcast special on why interest rates are rising as you scroll.
Lire la suite »

Unhappy Mikel Arteta takes aim at Takehiro Tomiyasu yellow card in Arsenal winUnhappy Mikel Arteta takes aim at Takehiro Tomiyasu yellow card in Arsenal winThe Spaniard was not best pleased with the officiating against Crystal Palace.
Lire la suite »



Render Time: 2025-03-24 19:23:36