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Car insurance UK scam: Drivers warned there are ‘more opportunities’ for fraudsters

Car insurance UK scam: Drivers warned there are ‘more opportunities’ for fraudsters

Car insurance experts warn that a range of road users have suffered at the hands of fraudsters including the elderly and key workers. The comnets come after recent data shows fraudulent insurance claims rose by five percent in 2019.

However, experts have warned scams could shoot up to levels last seen in 2008 where the recession saw fraudulent claims rise by 17 percent.

The Insurance Fraud Bureau warns that at least one insurance scam takes place every minute in the UK.

Ben Fletcher, Director of the IFB warned the pandemic was seen as an opportunity by fraudsters to target a range of road users.

Mr Fletcher said: “With Covid-19 causing so many people to lose out financially it sadly means there are more opportunities for insurance scammers to exploit the vulnerable.

READ MORE: Drivers may be targeted by new car insurance scam today

However, as the UK plunges into a recession and many drivers struggling financially as a result of the pandemic, this could cloud many road users’ judgement when they receive an email offering money.

Ghost Broker scams have doubled in recent years and are more popular among young road users.

This is where fraudsters pose as a provider and offer cheap deals to vulnerable motorists on social media.

However, these policies are then found to be false which effectively leaves drivers without an agreement in place which would be breaking the law.

IFB chiefs also warn drivers to keep an eye out for crash for cash scammers who purposely hit your vehicle to make claims against your policy.

Experts warn that one in every ten injury claims is linked to crash for cash scams despite the safety risks.

Detective SuperIntendent Peter Ratcliffe, Head of the City of London Police’s Economic Crime Funded Units urged members of the public

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The Fed warned of ‘tragic’ consequences if the US didn’t do more to support its economic recovery. Hours later, Trump killed talks about more stimulus.

The Fed warned of ‘tragic’ consequences if the US didn’t do more to support its economic recovery. Hours later, Trump killed talks about more stimulus.



Donald Trump wearing a suit and tie talking on a cell phone: President Donald Trump and Federal Reserve Chairman Jerome Powell. Reuters


© Reuters
President Donald Trump and Federal Reserve Chairman Jerome Powell. Reuters

  • Federal Reserve Chair Jerome Powell on Tuesday made his most pronounced call yet for additional relief spending, saying that the risks of passing too little stimulus far outweighed the risks of overspending and that a diminished rebound would be “tragic.”
  • Hours later, President Donald Trump said in a tweet that he was abruptly ending stimulus negotiations and that he would enact a spending bill if he is reelected in November.
  • The move shocked investors, economists, and even other Fed officials. With millions of Americans still unemployed, the absence of new government support threatens to curb the already slowing economic recovery.
  • Leaving the economy to move forward without help is like “letting the forest fire just rage,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, said on CNBC, adding that the downturn could become “much, much worse.”
  • Some hope remains for near-term aid. Trump tweeted on Tuesday night that he’d still approve standalone measures for emergency airline aid, Paycheck Protection Program funds, and another round of direct payments.
  • Visit Business Insider’s homepage for more stories.

Tuesday morning saw Federal Reserve Chair Jerome Powell make his most pointed call yet for additional relief spending.

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The plea seemed to go unheard, as President Donald Trump said hours later that he was abruptly putting stimulus negotiations on ice. Revived hopes for a new bill were dashed, and investors dumped stocks in preparation for prolonged economic pain.

Experts fear that the absence of a new bill will hinder the US’s economic recovery. With Democrats and Republicans still far from a compromise, Trump’s decision means the nation must push forward without crucial government support.

Powell’s plea and Trump’s surprise tweet

The day began simply enough. Powell gave a

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