Britons 'Have Sympathy' For Insurance Fraudsters

By Mark Harris
Published on 26 Aug 2008
AddThis Social Bookmark Button
Britons 'Have Sympathy' For Insurance Fraudsters

There is a tendancy for many people to see the fraud as a victimless crime, an upcoming ITV show reveals.

Many Britons do not see insurance fraud as a particularly serious offence, an investigation by ITV has suggested.

A poll conducted for an upcoming programme from the network, entitled Fiddles, Cheats & Scams, shows that just 23 percent of people would report an insurance scam to police if they found out about one. Moreover, 14 percent also said that they found it "acceptable" for themselves to provide false details while making a claim.

Over half (56 percent) said that they could "understand" why claims might be exaggerated, while a further 22 percent claimed to have "sympathy" for such fraudsters, the Press Association reports.

Speaking to the programme's makers, fraud risk manager at Axa Richard Davies commented: "Businesses are finding it tough at the moment with increased interest rates and an inability to actually service their loans. Arson is one of the ways in which they will try and get out of the problem simply by burning the business down - and hoping that the insurance company is going to pick up the bill."

I'm A Celebrity star Lord Charles Brocket, who went to prison for insurance fraud in 1996, added: "There's a sort of mentality that insurance companies are fair game. I guess they look at the profits of the companies, like the profits of the banks, and think, God, it's in billions or whatever."

"So if I have a little bit, it's not going to make any difference to them. It's not like mugging an old lady or holding up a bank which is obviously quite different. So yes, there is a different attitude towards insurance companies."

Money Saving Newsletter

Already registered? Login Here

Email:

We will NOT pass your details on to any third party.

See some of the recent tips you could have benefited from.

Your privacy:

Read our privacy policy.
We are registered with the Data Protection Act (1998): No. Z6245956
details
We are regulated by the Financial Services Authority: No. 415689
details



Add Your Comment

Name: 
Comment: 
You have 1000 characters left.

Latest Other Insurance Articles & News

Other Insurance Articles

The Problem with Paying Monthly for Insurance
The Problem with Paying Monthly for Insurance

Find out why paying monthly for your insurance policies could drive up the cost considerably.

Motorists Playing 'Roadside Roulette'
Motorists Playing 'Roadside Roulette'

Driving without breakdown cover could be a false economy, consumers are being warned.

Pet Owners Warned Over Increase in Poisonings
Pet Owners Warned Over Increase in Poisonings

Keep toxic substances out of reach and check insurance policies carefully, pet owners are being urged.

Reformed Offenders 'Face Insurance Barriers'
Reformed Offenders 'Face Insurance Barriers'

A campaigner is calling for improved access to the insurance market for ex-offenders.

Purrmuda Triangle Highlights Importance of Adequate Pet Insurance
Purrmuda Triangle Highlights Importance of Adequate Pet Insurance

Pet owners are being urged to check their insurance following a spate of cat disappearances.

Caravans Helping Consumers Save Money
Caravans Helping Consumers Save Money

The summer holiday season is over but caravans are still coming in handy for many families.

Consumers 'Paying Over the Odds' for PPI
Consumers 'Paying Over the Odds' for PPI

Taking out one PPI policy instead of several could help consumers save money, it has been suggested.

Firework Fear 'Can Cause Animal Injuries'
Firework Fear 'Can Cause Animal Injuries'

Many animals are terrified by the sound of Guy Fawkes celebrations and could injure themselves as a result.

Popular Related Articles

The Problem with Paying Monthly for Insurance
The Problem with Paying Monthly for InsuranceFind out why paying monthly for your insurance policies could drive up the cost considerably.

Latest Related Headlines

The Problem with Paying Monthly for Insurance
The Problem with Paying Monthly for InsuranceFind out why paying monthly for your insurance policies could drive up the cost considerably.
RSS FeedLatest Headlines
Free Services Money Saving Newsletter
The best money saving deals, freebies, rate alerts and advice emailed to you every week.
Enter your email:
Find Companies Money Guides RSS Feeds - Subscribe!
The "advice" given in our money saving tips is for information purposes only and should not be construed as "financial advice".
money.co.uk recommends you seek professional advice before proceeding with any investment or financial decision.
Site Map | Privacy Policy | About Us | Contact Us
money.co.uk is a trading name of Dot Zinc Limited, who are authorised and regulated by the Financial Services Authority. FSA Registration Number: 415689.
Copyright © www.money.co.uk / Dot Zinc Limited 2002-2008. All rights reserved.
Home | Login | Sign Up