A recent survey, conducted by FraudLine among a cross section of its 34 subscribing local authorities, revealed that, on average, the number of public and employers liability insurance claims received in 2006 was reduced by 15%, compared to the same period in 2005. FraudLine was endorsed within the survey as playing an integral part in a raft of risk management measures that help combat insurance claims fraud.
The national claims trend is down by only 10%, which shows that local authorities are clearly still benefiting from subscribing to the 'name and shame' hotline. Local authorities that fully participated in the campaign, distributing the full range of FraudLine leaflets and posters within their communities, achieved the best results. If you take an average public liability claim settlement (excluding costs) of £3,000, this 15% decrease represents a potential total saving of almost £2.5m.
FraudLine, added three more London boroughs to its existing member base of 34 at the beginning of April.
