Daily Insurance Industry News
Daily Insurance Industry News
Thursday 13th of December 2018
December 2, 2008

Motor insurance fraudsters receive custodial sentences

by Gill Montia

Story link: Motor insurance fraudsters receive custodial sentences

Criminals who submitted claims to multiple insurers via an accident management company received custodial sentences at Bradford Crown Court, yesterday.

Following an investigation by the Insurance Fraud Bureau (IFB) and West Yorkshire Police, the proprietor of Yorkshire-based Autotransform Claims, a partner in the business, an engineer and two claimants have begun prison sentences totalling seven years and three months, for defrauding insurance companies.

In early 2007, the IFB identified suspicious claims that involved repairs and hire cars.

A joint operation commenced, which Detective sergeant Ben McDonald of Airedale and North Bradford CID described as extremely complex and involving fraud on an industrial scale.

IFB chairman, John Beadle, comments that there is growing evidence to show that the proceeds of insurance fraud are being used to fund other forms of serious crime, including drugs trafficking and gun running.

The IFB says it is committed to protecting the honest policyholder, adding that insurance fraud currently costs the industry over £1.6 billion a year, increasing the size of the average premium by 5%.


News posted:

Related stories to Motor insurance fraudsters receive custodial sentences: