Identity fraud insurance - is it worth it?

"[...] most banks sign up to The Banking Code. Under this code of conduct, they have to refund customers' money if it is taken fraudulently - so people have already got insurance, even though they may not realise it. "

http://www.bbc.co.uk/blogs/theoneshow/consumer/2008/11/04/identity-fraud-insurance-is-it.html