Association of T&T Insurance Companies says there has been an increase in motor vehicle fraud

The Association Of Insurance Companies says motor vehicle fraud has increased in recent years.
As a result, the Association has launched an online insurance claims bank database.
So far, eight insurance companies have signed up in which they will share information with each other on claims made by their respective policyholders.
President of the insurance association Paul Traboulay says its one step in detecting and preventing motor vehicle fraud.
He said the insurance companies have been trying to work with the police to keep tabs on certain vehicles.
See more in tonight’s Business Watch with Judy Kanhai.

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