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International

Insurance fraud costs businesses $233 million as premiums skyrocket

July 25, 2017 Reprints

A report by insurance association Insurance Ireland found that insurance fraud costs Irish businesses up to €200 million ($233 million) annually, Independent.ie reported. Court awards for injuries have contributed to a rise in premiums for sectors such as the construction industry. A spokesperson for Ireland's Construction Industry Federation said that employer liability or public liability premiums have risen by up to 50% over the past 12 months.

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Insurance fraud costs businesses $233 million as premiums skyrocket

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