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U.K.: Insurers expose $2.17 billion worth of fraudulent claims in 2013

June 4, 2014 - 6:00am

Figures released by the Association of British Insurers have shown that insurers exposed £1.3 billion ($2.17 billion) worth of fraudulent claims in 2013, representing an 18% rise in value on 2012, WalesOnline reported.

Around 118,500 fake or overstated claims were detected during the year.

The association also said there was a "significant" increase in the number of people calling to report suspected fraudsters, WalesOnline reported.

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