17 Nov '11, 12am

Pet Insurance Fraud in U.K. | Care2 Causes

Pet Insurance Fraud in U.K. | Care2 Causes

Was it inevitable? Many heralded the offering of pet insurance as a way to responsibly pay for a pet in need of veterinary care. Apparently many in the U.K. are finding a way to profit from fraudulent pet insurance claims. A report from the Association of British Insurers found a 440 percent jump in confirmed and suspected fraudulent claims to pet insurance companies between 2008 and 2010, says Global Animal . That’s £1,929,900 (about $3 million) in 2010 from £420,000 (approximately $670,000) in 2009. With 2.3 million pets insured in the U.K., pet insurance is big business. Insurers believe some of the ways people are defrauding them are: Insuring imaginary pets Faked accidents Staging disappearance Treating uninsured pet under name of insured pet Submitting inflated charges “I am aware of cases where owners have maimed their animals in order to make claims on their polici...

Full article: http://www.care2.com/causes/pet-insurance-fraud-in-u-k-ki...

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