Car insurance fraud on the rise

Story link: Car insurance fraud on the rise

According to the news site Finance Markets, the insurance industry faces £5 million in car insurance fraud every week.

The figures are pretty staggering, but as fuel prices continue to rise, and consumer wallets get thinner, you can expect this to be an increasing problem I think:

According to industry body, Association of British Insurers (ABI), dishonest drivers face a nasty surprise as detection of fraudulent claims has increased by 70% over the last 3 years.

Last year, the ABI uncovered 24,000 fraudulent motor insurance claims worth £260 million, or £5 million every week.