The automobile insurance industry in the United Kingdom has taken a hit this year, with premiums rising by an alarming 40%. In response, BBC Panorama has delved deep into the world of insurance fraud, speaking directly with criminal gangs who are taking advantage of unsuspecting insurers.
These criminals are staging fake accidents and making false claims for enormous sums of money, all in an attempt to cash in on fraudulent insurance pay-outs. Through his investigation, reporter Declan Lawn discovers how far this scam has infiltrated the industry, and what it’s costing everyday motorists.
What is most prevalent about this epidemic is that it is only getting worse due to unscrupulous organizations that will go to any lengths for a quick buck. Insurance companies have already had to take drastic measures in order to protect themselves from fraudulent claims.
Meanwhile, those caught red-handed falsifying details or exaggerating circumstances can face huge fines or up to ten years in prison. The documentary seeks not only to uncover this illegal activity but also to shine a light on how it affects honest motorists and their hard-earned money.
If you want answers as to why your car insurance premiums have rocketed over the past year then BBC Panorama’s documentary on insurance fraud is essential viewing. Don’t miss out on a chance to understand just how deeply embedded these criminal gangs have become within the industry – watch now and see first-hand what they’re up against!