Motor insurance bills could feel the pinch as insurers crack down on third-party fraud
· economictimes.indiatimes.com
Motor insurers are intensifying efforts to curb third-party claim fraud as rising court awards and more uninsured vehicles increase pressure on the segment, potentially affecting insurance costs. Go Digit secured a Madras High Court order for district-level probes in Tamil Nadu into fraudulent claims, while insurers also face higher liabilities following a recent Supreme Court ruling on compensation.
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Fraud adds to pressure on third-party insurance
Supreme Court ruling adds to insurers' provisions
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