Flash for Cash - Philip Waters, Camps Solicitors
23/08/13. Last week we saw a car crash scam, ‘flash for cash’ come to light. According to the Asset Protection Unit, this scam involves criminals flashing their lights to let other drivers out of a junction, before crashing into them on purpose. This is clearly a despicable practice, but there is little evidence that is a wide-spread or growing problem. I am very concerned that this latest headline-grabbing ‘phenomenon’ will be used by insurers as another excuse to raise motor-insurance premiums. I would be very surprised if these scams are, as reported, costing the insurance industry anything like £392m a year...
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