The cost of insurance fraud: £2bn a year

January 23rd, 2010 admin

Fraud is costing the UK £30 billion a year with the insurance sector taking a £2 billion hit, the National Fraud Authority (NFA) has reported. The body, which was set up as part of the Attorney General’s Office in October 2008, puts the current cost of UK fraud at £621 per adult and places around 58% (£17 billion) of fraudulent activity in the …


Originally posted on InsuranceDaily

 
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