Investigation Exposes ‘Crash for Cash’ Insurance Scam

A recent BBC investigation has uncovered a compensation claims company that had been staging car accidents in order to benefit from the compensation. Speed Claims, based in Wolverhampton, were exposed by an undercover investigator.

The investigator posed as an interested client, and the meetings were secretly filmed. At the first meeting Mr Ahmad, who runs Speed Claims, happily explained how the system worked. Later on the investigator brought a vehicle to Speed Claims, which Mr Ahmad explained would be smashed up in his yard. The investigator was coached about what to tell the insurer, to ensure the payouts were made, and also paid £500 for his involvement in the scam and to admit liability.

Mr Ahmad revealed to the undercover reporter that there is considerable cash to be made in staging car crashes and claiming insurance fraudulently. He also stated that there was much money to be made by falsely claiming for ‘extras’ such as compensation for personal injury.

Every year this kind of fraud costs the insurance industry an estimated £400 million. John Beadle, board member of the Insurance Fraud Bureau, told the BBC that this kind of fraudulent scam costs insurers £44 on every kind of insurance policy. Of course, victims of real car accidents use legitimate claims companies to help them get compensation.

Our specialist No Win No Fee lawyers will only deal with legitimate car accident compensation claims.

If you have been involved in a car accident that was not your fault and suffered personal injuries as a result of the accident contact our specialist lawyers on 0800 0287828 for compensation claims advice.