Fraudulent claims are costing transport operators millions of pounds in inflated insurance premiums, so what are the insurance companies doing to combat the problem? The problem of fraud and its impact on motor insurance premiums was highlighted recently by Robert Flello MP, chair of Parliament’s Freight Transport Group, who has called on the government to limit the maximum value of damages for whiplash in a bid to curb fraudulent and inflated compensation claims. Flello points out that the insurance industry […]
The 3.5% hike in insurance premium tax (IPT) that came into effect at the beginning of November could be just “the tip of the iceberg” in terms of increasing insurance costs for truck operators, a leading commercial vehicle insurer has warned.
Former Euromix Concrete finance director David Marsh has been disqualified for eight years from any involvement in the promotion, formation or management of a company. It came after he provided the Insolvency Service with a disqualification undertaking, having admitted to fraudulent abuse of an invoice discounting facility.
Current traffic management policy is seriously flawed, adding to congestion, encouraging dangerous driving, increasing fuel consumption and emissions, and costing vehicle operators and tax payers a fortune, a new report from the Institute of Economic Affairs (IEA) has suggested.