Motorists are being warned to watch out for insurance fraud, as the number of fake policies for sale is soaring. So-called ‘ghost brokers’ pose as online insurance dealers to sell fake policies to motorists. They typically lure in victims through social media platforms Facebook and Instagram, and tempt them with the promise of low premiums. Ben Fletcher, head of financial crime at LV, has called for tougher regulation across social media to further protect people from being approached by ghost brokers or shown their adverts. And LV warns you should never meet people offering to deliver your insurance certificate in a car park for a cash payment.

Source: Daily Mail May 09, 2023 21:28 UTC