Recent figures released by the Association of British Insurers (ABI) have revealed that insurance companies uncovered 122,000 fraudulent insurance claims in 2009, up 14% on the figure for 2008. Stats suggest that 4% of all claims by value in 2009 were fraudulent, a figure that is nearly double that of five years ago.
As well as this, the ABI reported that the value of bogus claims has also risen by 14% on 2008 figures.