Insurer warns of rise in fraudulent claims amid cost-of-living crisis
Published by Michael Graves on Mon, 08/08/2022 - 8:53amInsurer Zurich UK has stated that there has been a significant increase in the number of fraudulent claims as a result of the cost-of-living crisis.
Zurich found that between 1 January and 31 May 2022, the number of fraudulent property claims rose by 25% compared to the same period in 2021. It also stated that in the last five months, it has prevented fraud amounting to £4.2 million, which equates to more than £40,000 a day.