Insurance Fraud Bureau research shows halt in ‘Crash for Cash’ growth
The Insurance Fraud Bureau (IFB) today releases statistics pinpointing the top twenty areas of the UK affected by ‘Crash for Cash’ crimes, showing insurers halting the growth of the problem. The IFB employs state of the art technology and utilises data pooled from across the insurance industry to identify criminal networks putting innocent motorists’ lives at risk with ‘Crash for Cash’ activities and proactively stop them growing.
Working with its membership to engage Police forces in joint investigations, the Bureau has over the last two years successfully disrupted the actions of criminal gangs, stemming and reducing the growth of ‘Crash for Cash’ on the UK’s roads. Nationally, organised ‘Crash for Cash’ network sizes have reduced by 11% over two years, at a time when crime is widely forecast to be on the increase due to the recession. The IFB’s regional statistics show the power of its disruptive activity. Drawing on two years of insurance claims and policy data, the IFB can demonstrate that hotspots where there has been joint Police and IFB activity are experiencing less ‘Crash for Cash’ claims over the last three months.
Particular areas where this is the case include Luton, East London, Harrow and Walsall. Other areas have seen ‘Crash for Cash’ levels stabilise including Birmingham, Uxbridge and London North-West. Conversely, where the Police have yet to engage with the IFB, ‘Crash for Cash’ activity is increasing, most notably in Liverpool, Halifax and Ilford & Barking.
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