UK Insurers Log Onto Twitter to Catch Fraudsters

Insurance is an organization founded for the people, and car insurance, auto insurance, home insurance, there is such a wide variety. For this reason, people make their homes car. Those who want to turn this into an opportunity to use the insurance and people are cheating. To prevent this you must research.Car insurance companies are targeting social networking sites, particularly Twitter, in order to catch out fraudsters who are causing the cost of insurance premiums to rise at their fastest rate ever, according to the AA British Insurance Premium Index.
Over the last few months, the average cost of a comprehensive car insurance policy has increased to just over GBP 700, which is a rise of 11.5%. This is the average of the cheapest 3 policies for each customer, a measure which the AA refer to as the ‘Shoparound’ index. The fact that this is largely due to fraudulent claims is frustrating for the majority of drivers who treat the claim process properly and responsibly.
‘It is estimated that fraudulent claims like these are costing policyholders throughout the country an average of just over GBP 40 a year on their car insurance quotes. Another reason why it is really important for people to shop around for the best deal on their car insurance’.
The recent recession is thought to be a big factor in the steep increase in insurance costs, as many unscrupulous individuals have contributed to the amount of fraudulent claims placed.
Twitter, however, is helping to expose the cheats who are abusing the system, as there is more constant streaming of shared information with people posting multiple messages all day long sometimes.
Richard Davies, a board member of the Insurance Fraud Bureau has claimed that the information on sites such as Twitter was very useful to insurance companies, as it could be used as evidence because it was publicly available on the internet. Many industry insiders who agree with him also add that the responsibility of the content falls to the social networking sites, as they are the ones in control of the privacy settings.
There are a couple of different types of fraudulent claims, which fall into categories of people who embellish the details of real claims for a bigger payout and organised who create crashes, causing innocent people to be involved in accidents so that they can claim from them.