ABI to fund police fraud unit

Funded by the insurance industry and supported by the National Fraud Authority, the unit will be operated by the City of London Police's Economic Crime Directorate. It will focus solely on tackling insurance fraud, currently valued at £2 billion per year. The unit, to go live on 1st January 2012, will consist of 35 specialist fraud detectives and police support staff. The new unit will also work with the insurance industry on its continued campaign to prevent insurance fraud and recover the proceeds of crime. The Association of British Insurers (ABI) is to pay £8.7m over the nex...