Fighting Fraud & Scams
The cost of insurance fraud hit £1.3 billion in 2013 which was up 18% on the previous year, according to figures according to figures from the Association of British Insurers (ABI). Britain's largest insurer, Aviva, has reported that crash for cash scams have hit a new peak during 2014 and add £400m to the costs of motorists premiums. It says organised gangs are at the heart of the problem with a 21% increase in them this year compared to 2013. Despite raised awareness; the problem continues to blight the car insurance industry. Click here for a copy of the article. Alternatively if you'd like a hardcopy click here.
"I see that Aviva have recently announced that they have successfully challenged over 200 claims this year, and I expect others in this industry to follow suit. The Government has done its bit by reducing the cost of civil litigation, and it is now time for you to step up to the plate and do yours."
Chris Grayling, Secretary of State for Justice, 2nd Dec 2014
Taxi and truck businesses are particularly vulnerable as drivers' annual mileages can often exceed 5 to 10 times that of the average car user. For a taxi and truck fleet this could mean thousands of pounds extra each year if steps are not taken to reduce the risk of being a victim.
Listed below are some of the most common problems: