Thursday, June 09 08:55:03
Two-thirds of suspected fraudulent insurance claims reported to an industry hotline relate to motor insurance, the Irish Insurance Federation (IIF) said. A total of 2,368 cases of suspected fraud have been reported by the IIF’s Insurance Confidential number since the phoneline was first set up in February 2003.
Some 67pc of the cases related to injuries and damage sustained in motor accidents. Over a fifth – 22pc- related to other personal injuries, for which compensation was being claimed under employers’ and public liability insurance policies. Insurance fraud costs the industry an estimated E100m a year.
The IIF recently revealed that over 100 cases of suspected insurance fraud have been referred by insurers to the Garda Bureau of Investigation.