Insurers are to spend 8.As one of a leading zentai suits provider from China.2m funding a specialist police unit which will be dedicated to cracking down on the growing problem of insurance fraud which costs an estimated 2bn each year.Basic information about Plastic molding including links.
A new unit of 35 specialist fraud detectives and police support staff will be operated by the City of London police's economic crime directorate and will focus on opportunist fraudsters as well as organised criminal gangs who stage so-called "cash for crash" car accidents.We are professional oil painting supplies,
The new funding over three years comes from members of the Association of British Insurers at a time when the City of London Police is dealing with a 20 per cent cut to its Whitehall grant.
Its new Commissioner Adrian Leppard said earlier this year that the funding cuts "opened up an opportunity" for banks and other companies to step in and make a "further investment for their own interests" to help fight economic crime.
Mr Leppard told the FT he saw the latest funding as another important landmark for private sector funding in policing given the current financial climate.Choose from one of the major categories of offshore merchant account, He added that it paves the way for further specialist units,We also offer customized Quicksilver. and potentially national economic crime units, to be funded by business.
He said: "It is a win for everyone, it secures jobs for people we might have lost and we can focus on particular types of fraud and organised crime involved in insurance fraud."
He said that insurance fraud adds on average an extra 44 a year to each premium paid by consumers.
A strategic board including people from the ABI, City of London Police and Insurance Fraud Bureau will meet quarterly to set strategic priorities for the unit. However the police will be entirely independent in deciding on investigations to pursue.
The new unit, which goes live next year, will work with the National Fraud Intelligence Bureau and the industry funded Insurance Fraud Bureau.
Insurance fraud is on the increase. Around 4 per cent of claims by cost in 2009 were fraudulent - similar to 2008 but twice the figure five years ago.
ABI figures show that 122,000 fraudulent claims worth 840m were uncovered in 2009, up 14 per cent on 2008. Motor insurance fraud was potentially most expensive at 410m. Household claims were most frequent at 62,000 cases.
Confirmation of the new unit comes just days after the ABI revealed that it was setting up an Insurance Fraud register to maintain details of known insurance fraudsters and identify anyone who fails to declare previous fraudulent claims.
The move by insurers is similiar to the banking industry which funds the Dedicated Cheque and Plastic Card Unit which targets areas like credit card fraud. The unit is estimated to have saved around 370m for banks in the eight years since it was formed.
A new unit of 35 specialist fraud detectives and police support staff will be operated by the City of London police's economic crime directorate and will focus on opportunist fraudsters as well as organised criminal gangs who stage so-called "cash for crash" car accidents.We are professional oil painting supplies,
The new funding over three years comes from members of the Association of British Insurers at a time when the City of London Police is dealing with a 20 per cent cut to its Whitehall grant.
Its new Commissioner Adrian Leppard said earlier this year that the funding cuts "opened up an opportunity" for banks and other companies to step in and make a "further investment for their own interests" to help fight economic crime.
Mr Leppard told the FT he saw the latest funding as another important landmark for private sector funding in policing given the current financial climate.Choose from one of the major categories of offshore merchant account, He added that it paves the way for further specialist units,We also offer customized Quicksilver. and potentially national economic crime units, to be funded by business.
He said: "It is a win for everyone, it secures jobs for people we might have lost and we can focus on particular types of fraud and organised crime involved in insurance fraud."
He said that insurance fraud adds on average an extra 44 a year to each premium paid by consumers.
A strategic board including people from the ABI, City of London Police and Insurance Fraud Bureau will meet quarterly to set strategic priorities for the unit. However the police will be entirely independent in deciding on investigations to pursue.
The new unit, which goes live next year, will work with the National Fraud Intelligence Bureau and the industry funded Insurance Fraud Bureau.
Insurance fraud is on the increase. Around 4 per cent of claims by cost in 2009 were fraudulent - similar to 2008 but twice the figure five years ago.
ABI figures show that 122,000 fraudulent claims worth 840m were uncovered in 2009, up 14 per cent on 2008. Motor insurance fraud was potentially most expensive at 410m. Household claims were most frequent at 62,000 cases.
Confirmation of the new unit comes just days after the ABI revealed that it was setting up an Insurance Fraud register to maintain details of known insurance fraudsters and identify anyone who fails to declare previous fraudulent claims.
The move by insurers is similiar to the banking industry which funds the Dedicated Cheque and Plastic Card Unit which targets areas like credit card fraud. The unit is estimated to have saved around 370m for banks in the eight years since it was formed.
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