Fraud Bureau Warns Of Fake Car Insurance On Social Media

By Irene Madongo (November 19, 2021, 2:29 PM GMT) — The Coverage Fraud Bureau on Friday urged motorists to guard from faux automobile insurance coverage offers on social media following insurers claimed far more than 21,000 fraudulent policies in the past 12 months.

The not-for-financial gain organization, which functions as an intelligence hub for insurers to deal with organized fraud, thinks the experiences could be joined to so-identified as ghost broking, wherever fraudsters mimic brokers in purchase to sell unrealistically inexpensive, phony insurance policies.

The bogus bargains are normally marketed by means of Facebook or Instagram and victims selection from young drivers to people today less acquainted with British insurance policy legislation, the group mentioned.

Just after the scammers capture victims’ interest,…

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