Large numbers of drivers say they have been approached by fraudulent ‘ghost brokers’, new research shows. Ghost brokers are fraudsters offering cheap insurance policies, usually via social media or by word-of-mouth. Now a survey commissioned by Liberty Insurance shows that seven in ten motor insurance customers in Ireland are unaware of ghost broking. A third have not taken steps to verify their insurance broker is regulated. But 43pc have Googled the broker, while one-third visited the Brokers Ireland website to verify that the broker was regulated.

Source: Irish Independent March 02, 2021 02:26 UTC