Ksh. 15 billion fraud annually threatens insurance industry. Kingori Choto Nicholas Waitathu and Sammy Kere

By: Contributor(s): Publication details: Nairobi Financial post 25th - 31st May, 2009Description: p.4; The Financial PostSubject(s): Available additional physical forms:Summary: Millions of Kenyan motorists and public transport users risk getting no compensation from insurance firms in case of an accident as fraud threatens to bring the insurance industry to its knees. insurance are up in arms against what they allege is a well co-ordinated fraud network involving crooked lawyers, traffic police officers, doctors, garages and vehicle owners that present false claims in accident cases, undermining the very existence of the insurance industry.
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Millions of Kenyan motorists and public transport users risk getting no compensation from insurance firms in case of an accident as fraud threatens to bring the insurance industry to its knees.

insurance are up in arms against what they allege is a well co-ordinated fraud network involving crooked lawyers, traffic police officers, doctors, garages and vehicle owners that present false claims in accident cases, undermining the very existence of the insurance industry.

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