The Insurance Fraud Bureau reckons fraudsters are getting away with crimes worth millions of pounds every year.
According to a certain pro-Bush US news channel, there is one international fraudster who is getting away with more than most.
Rupert Murdoch's TV news empire, Fox News, claims that North Korean dictator Kim Jong Il has decided to pursue a career in finance and has become embroiled in reinsurance fraud. Fox says it is causing major concern among the world's leading underwriters.
Perhaps selling armaments is not enough for the infamous dictator. Backchat wonders whether Kim would be much happier selling reinsurance from a captive in Bermuda.
