Insurance companies receiving hundreds of false claims a day which cost them £2.3million.
There is no doubt that they have their fair share of false claims. However, it is also an open secret that insurance companies do not like claims and do they utmost to avoid paying out. They are more than keen to receive an insurance policy and direct debit your account immediately but when it comes to a genuine claim it is a different matter.
The evidence shows that they always have the biggest and flashiest buildings in the most expensive place of any big city. Is there any need for this? NO. They could just as well be in a way out place or in a small city where the expenses are not even half as much. It would bring employment to places where high unemployment exists. Furthermore, the wages would be far less than in big cities.
All these savings would reduce the cost and eventually, which I doubt, reduce the cost of policies.
Coming back to the false claims and just for your amusements a few fine examples.
One man claimed his car was smashed being parked at the roadside. The truth emerged that he had a race at a Formula I circuit and crashed.
Another man was hit over the head with a baseball bat in a fight but he claimed he dripped over a loose paving stone.
A driver received £385,000 for injuries in a car crash but his wife stated that he faked it.
Times and times again we see reports in newspapers of people not being able to walk because of injuries and then photos emerged showing them running in marathon, playing football, climbing ladders and dancing the night away.
False claims like these will always exists but it still does not justify to withhold or pay less the claimant who is honest and insurance companies are more than known for that.