Fake claims making matatu risky business for insurance firms - News Summed Up

Fake claims making matatu risky business for insurance firms


During that period, he says tens of his PSVs have been impounded over fraudulent claims. With an estimated 40 per cent of motor insurance claims being fraudulent, matatu owners are now calling on the government to introduce specialised insurance courts to address rising fraudulent claims that are sending firms into insolvency. “Secondly, the insurance industry is riddled with corruption and it is not well regulated, which further aids in the fraud that occurs with PSV claims. Law Society of Kenya President Eric Theuri said they have not had cases of fraudulent cases being made through lawyers. The complaint maybe arising from not understanding how accident compensation works,” he said.


Source: Daily Nation January 02, 2024 07:45 UTC



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