Industry experts suggest that their studies point to part of the increase in insurance premiums is due to the rise of fraudulent personal injury claims.
A considerable swelling in the ranks of people who are now ready to fake personal injury claims to improve their income.
There is an increase in people making exaggerated or even false personal injury claims through the no win no fee system, is now a widely held belief amongst eighty nine percent of solicitors today, according to research results from LV.
Overstating injuries has been on the rise for the past 10 years say almost sixty percent of the solicitors involved, with almost half stating they have witnessed a surge in false claimants since the start of the recession.
The most common types of personal injury that are likely to be embellished are whiplash, post traumatic stress disorder and strained muscles, with car accidents being the favourite choice of incident for these injuries to occur.
LV has said sixty three percent of those consulted within the legal profession believe that the increased exposure from the television adverts detailing the availability of possible compensation coupled with the view of it being easy money is a major factor in the rise of false personal injury claims.
As a consequence of these actions, sixty two percent of lawyers now scrutinise in much greater depth the submitted personal injury claim forms before committing to any further action.
One law business who specialise in fraudulent personal injury cases confirms what LV is saying is exactly what they themselves are experiencing, with their own investigation department stating that some forms of fraud are spiralling out of control.
If you are under the mistaken belief that personal injury claims fraud only affects the insurance companies then you are forgetting it is the ordinary citizen who has to make up the difference and LV have stated that this cost is 100 pounds per year and that figure is simply for car insurance.
Martin Milliner, LV technical claims director, said: Legitimate cases of personal injury where another person or company is to blame are certainly a cause for recompense. However, drivers who concoct or exaggerate their injuries to make a claim not only break the law but also push up the cost of car insurance premiums for all motorists. We support all solicitors to continue to apply thorough questioning to anyone claiming a personal injury, and to investigate very carefully any concerns they have about the dependability of any claim.
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