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World 'Crash for cash' insurance scam hotspots revealed

03:25  11 may  2021
03:25  11 may  2021 Source:   bbc.com

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Crash for cash is the name given to a fraud when criminals deliberately cause a road collision to claim compensation. The Insurance Fraud Bureau (IFB), which shares intelligence within the sector, said that parts of Birmingham were the centre of these cases. Insurers said the fraud cost meant premiums It hoped that by pinpointing crash for cash hotspots , people would be encouraged to be vigilant as more drivers start to take to the roads. Many innocent drivers are caught up in these collisions. IFB investigations have found single gangs can be behind thousands of orchestrated collisions in some

top-10- crash - for - cash - insurance - scam - hot -areas- revealed . Motor Trade. Non-profit organisation, the Insurance Fraud Bureau, have released the top 30 UK postcodes for ‘ crash for cash ’ hot spots , with Birmingham and Bradford dominating the list. The Second City had the most representation in the top 30 postcodes with a third of the share, while Bradford and Manchester both had five postcodes each, and the rest being spread out across London, Sheffield, Oldham, Bolton, Blackburn, Liverpool and Wakefield.

An estimated 170,000 car insurance claims in 15 months are suspected to have been linked to "crash for cash" gangs, investigations suggest.

Crash for cash is the name given to a fraud when criminals deliberately cause a road collision to claim compensation.

The Insurance Fraud Bureau (IFB), which shares intelligence within the sector, said that parts of Birmingham were the centre of these cases.

Insurers said the fraud cost meant premiums increased for all motorists.

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The IFB said there were 2.7 million motor insurance claims across the UK from October 2019 to the end of last year, of which 170,000 could be linked to suspected crash for cash networks.

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EXCLUSIVE footage from Admiral Insurance reveals crash - for - cash scams - and what you should look out for when driving. CRASH - FOR - CASH scams continue to hike premiums as insurers are forced to pay out on And Admiral has shared four cases exclusively with The Sun Online to reveal what you should look Do YOU live in crash - for - cash danger zone? The UK hotspots REVEALED .

Induced accidents – scammers deliberately target an innocent driver making them the ‘at fault’ party when making their fraudulent claim. Ghost accidents – no physical crashes involved here – just fake paper-based claims being submitted to insurers. According to the IFB, crash for cash costs the UK around £340m every year and 69,500 personal injury claims are linked to suspected Britain’s cash for crash hotspots . The latest figures from the IFB reveal motorists in Birmingham are most likely to suffer one of these driving scams . Manchester, Bradford and Oldham also feature on the top 10 list.

It said the main hotspots were the B25, B34 and B8 postcode areas of Birmingham, and the BD7 and BD3 areas of Bradford.

It hoped that by pinpointing crash for cash hotspots, people would be encouraged to be vigilant as more drivers start to take to the roads.

Many innocent drivers are caught up in these collisions.

IFB investigations have found single gangs can be behind thousands of orchestrated collisions in some areas, with the combined value of their fraudulent claims running into the millions.

James Dalton, director of general insurance policy at the Association of British Insurers (ABI), said: "These criminal gangs are often highly organised and put lives at risk.

"The amounts that they fraudulently claim can be huge, and can impact on the motor premiums paid by honest motorists."

Between 2011 to 2018, more than 150 people were convicted in south Wales for submitting bogus claims, as part of a £2m car insurance scam.

The Yandell family's "crash for cash" swindle went undetected for years due to the sheer number of people they roped into the scam.

It centred around using vehicles in staged accidents so the fraudsters could submit bogus and exaggerated insurance claims.

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usr: 4
This is interesting!