Zimbabwe Insurance Crimes Bureau was investigating seven cases involving motor insurance with a total value of US$235 000 and two cases were before the courts.
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Insurance firms lose $1,6bn to fraudulent motor claims

By Brandon Josphat INSURANCE companies have lost more than $1,6 billion this year to organised motor insurance syndicates on the prowl, committing fraud through misrepresentation of facts, staging accidents, and submitting claim forms for fake injuries or damages. According to the Insurance Council of Zimbabwe (ICZ), this resulted in insurance companies losing 30 percent of…

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