Home insurance fraud on the rise
August 14th, 2010Recent figures released by the Association of British Insurers (ABI) have revealed that insurance companies uncovered 122,000 fraudulent insurance claims in 2009, up 14% on the figure for 2008. Stats suggest that 4% of all claims by value in 2009 were fraudulent, a figure that is nearly double that of five years ago.
As well as this, the ABI reported that the value of bogus claims has also risen by 14% on 2008 figures.