Insurance companies are significant victims in the £19bn a year illegal drugs market, says new research from York University.

Insurance companies are significant victims in the £19bn a year illegal drugs market, says research.

Government-sponsored research suggests that hard-core drug addicts cost UK plc £3.7-6.8bn. It says that most of the costs fall on the criminal justice system, but that insurance payouts are key way for addicts to obtain cash to buy drugs.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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