M R Law Solicitors respond to the claims from the insurance industry that fraudulent road traffic accident claims are responsible for the increased cost of motor insurance premiums.
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M R Law - Doubts on Cash for Crash Figures
1. www.mrlaw.co.uk
Doubts on “crash for cash” figures
September 2014
New research has raised doubts on allegations by the insurance industry that fraudulent road traffic accident claims are responsible for the increased cost of motor insurance premiums.
In November 2012, a report published by the insurance industry funded Insurance Fraud Bureau claimed that one in seven personal injury claims is linked to "crash for cash" scams and the frauds cost policyholders a combined sum of nearly £400 million a year.
The latest research involved submitting Freedom of Information requests to a number of police forces across the country. Five forces had no data relating to "crash for cash" accidents, two failed to reply and one force had investigated just two allegedly fraudulent traffic accidents in the past three years.
Ann Mahoney, head of personal injury at M R Law comments: "The insurance industry continues to peddle the myth that fraudulent claims are out of control to justify the increasing cost of motor insurance premiums. However, there is simply not the data to support their arguments. The wildly inflated claims made by some in the insurance industry are hugely damaging and whilst preventing fraudulent claims remains important, it is nothing like the problem some may suggest”.
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Note: Established in 2009, M R Law is a Law Firm specialising in providing legal advice and representation for people who have suffered personal injury and / or have been subject to medical negligence. The firm represents clients across Haverhill, Harlow and Brentwood.
For enquiries please call Robert Barker on 01279 311 481
Website: www.mrlaw.co.uk