Blog: Escape of water claims must be investigated to stop rising cost
Insurers want to tackle the rising costs of escape of water claims but not enough are investigated to detect fraud or identify third-party liability, argues John Gow, operations manager and senior investigator, IFIC Forensics.
Domestic escape of water claims cost £483m in the first nine months of 2017, according to the Association of British Insurers. Between 2014 and 2016, their total cost jumped by 24% from £529m to £654m
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