Fraud has shot up the political agenda in the past year - with ramifications for the insurance industry, according to a partner at Davies Arnold Cooper law firm (DAC) who specialises in this area.
DAC are members of a syndicate of insurance-led organisations that commissioned research into commercial insurance fraud in September this year.
The findings estimated that commercial insurance fraud costs the industry at least £550m a year - and personal lines fraud a further £1bn.
Nick Young, a
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