Insurance Scams Knowledge Base
In June, fraudulent whiplash claims made their way into the Queen’s speech as she read out 27 bills to be enacted over the next two years.
The largest cost to insurance companies is the cost of claims. Motor insurers have not made an underwriting profit (a profit on the actual insurance they sell) since 1994.
Insurance fraud is very often seen as a victimless crime against a faceless corporation that is more than capable of paying out any amount of money.