SHEFFIELD is the second worst city for ‘crash for cash’ scams on commercial vehicles, which can net fraudsters up to £30,000.
New figures from the Insurance Fraud Bureau place Sheffield only behind Birmingham for the insurance scam.
In ‘crash for cash scams’, fraudsters typically drive to busy road junctions and then perform unexpected, unnecessary and dangerous manoeuvres designed to cause a crash
Claims are made to the innocent motorist or firm’s insurer, often including several accounts of fictitious injuries from members of the gang.
Marcus Davies, of law firm Kennedys says that motor fraud is not just hitting insurance premiums but is also placing a huge burden on firms in the region.
He said: “Each claim can net the fraudsters £30,000, something a business would feel keenly, especially when the economic climate is so challenging.”
Undetected motor insurance fraud costs the industry up to £2 billion a year, adding £44 to the average annual premium.
n Go to www.insurancefraudbureau.org for advice.