Fraudulent insurance claims rise

Between 30 and 40 percent of insurance claim payouts in Slovakia are fraudulent, according to the Slovak Association of Insurers.

They warned that applicants making fraudulent claims and anyone helping them within the insurance company can face between three and twelve years imprisonment.

Annual claim settlements rose threefold over ten years to reach Sk15.157 billion (€370 million) in 2002.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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