Thursday, January 11, 2007

Insurance fraud. Adding to Car Costs.

Car insurance fraud. It's not new and will be around for a few years longer. Until we are taxed off the roads anyway but I noticed one thing in the article.

The Insurance Fraud Bureau (IFB), says that bogus and inflated claims like those from deliberate accidents cost more than £1.5 billion a year. They say this adds five per cent to premiums.

Mmmmm. 5% isn't that the same amount the government extorts from us as another tax on insurance premiums. At least the fraudsters have to do some work for their cut.

1 Comments:

At 2:02 pm, Anonymous Raine said...

Keep up the good work.

 

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