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.
Goods-in-transit insurance could become more difficult, more restrictive and more expensive for cross-Channel operators in light of the increasing problem of loads being spoiled by stowaways, a loss adjuster has warned.
Insurer Fiducia has launched a combined liability insurance product targeting “well managed” hauliers and warehouse operators.