A bulletin on the website of the Association of British Insurers (ABI) notes that a “nationwide operation into suspected fraudulent travel insurance claims led by the City of London Police’s Insurance Fraud Enforcement Department (IFED) has resulted in 11 arrests.
“Officers seized thousands of pounds in cash, clothing, jewelry, electrical items and travel insurance claim forms, as well as what are suspected to be bogus doctors’ stamps and medical certificates.
The IFED’s ongoing investigation focuses on claims ranging from just over £500 [$853.00] to more than £14,000 [$23,880] for clothing and electrical items reported lost or stolen, and medical expenses incurred, abroad.”
Aidan Kerr, ABI Head of Property, Fraud and Specialist Lines, commented: “The insurance industry is determined to crackdown on insurance cheats to protect honest customers. The vast majority of the hundreds of thousands of travel insurance claims made every year are genuine, and travel insurance is an essential purchase for travelers this summer.
“But anyone who thinks that travel insurance is an easy way to dishonestly get some extra cash will pay a heavy price risking getting a criminal record, and having trouble getting insurance and other financial products in the future.”
Source: Association of British Insurers (ABI)
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
