Fraud
Expertise from A-Z: Casualty - Into the unknown
The casualty landscape is ever-changing. Insurers and brokers must be aware of all developments when giving advice
Fraud: The fight goes on
The insurance fraud taskforce has reported, but now we are in limbo, so will there be work to ensure the report’s recommendations materialise or will it be a missed opportunity?
Cyber criminals increasingly moving from privacy breaches to extortion
Increasingly sophisticated malware and ransomware attacks are rising to the top of the cyber threat list, with industry cyber experts predicting a surge in ransomware incidents in 2016.
Ex-Zurich claims boss Day to 'raise the bar' with merged investigation firm
US investigation firm ICS Merrill has merged with Global Options to form a UK holding company with UK and US subsidiaries.
Five sentenced in Birmingham over £30k crash-for-cash claim
A group of five men pleaded guilty in an insurance fraud case and were today (8 March) handed suspended sentences and ordered to pay a total of £10,800 in compensation.
Fraudsters ordered to pay £40,000 in crash-for-cash scam
A group of four people found to have deliberately caused a car crash with an innocent van driver has been ordered to pay £40,000 to the victim.
Jail for insurance fraudster after failure to repay £13k
A man who failed to repay more than £13,000 following his conviction for medical insurance fraud has now been jailed.
Claims Club: SRA to conduct a thematic review following IFT’s call for tougher action on CMCs
The Solicitors Regulatory Authority will conduct a review into the issues and concerns raised by the Insurance Fraud Taskforce Report earlier in the year.
Claims Club: IFB will move to GWP levy in 2017 and broaden stakeholders to include aggregators and affiliates
The Insurance Fraud Bureau will move to a gross written premium levy from 2017 after undertaking a 2015 consultation of five key principles including its funding model.
Cash-for-Crash Fraud: Beating the fraudsters
The Welsh Police have done a sterling job breaking a large car insurance fraud ring in South Wales – but there are fears such scams will go undetected unless the British insurance industry improves its detection powers
Claims Club: Late payment legislation to add ‘new pressure’ to difficult fraud cases
Insurers have been urged to prepare a late payment strategy now, after an insurance barrister warned the late payment clause, due to be introduced with the Enterprise Bill, will add additional pressures in suspected fraud cases.
Insurers warned over increased risk of identity fraud
Fraud specialist Synectics Solutions has warned insurers that they face a heightened challenge in 2016 in the form of identity fraud.
Trade Voice: Taking fraud to task
The government’s taskforce has reported back with 26 recommendations on how to fight fraud.
Scam sees three convicted over £10k Esure claim
Three people have been sentenced in a crash for cash scam uncovered by Esure, with the Insurance Fraud Enforcement Department appealing for information to find a fourth person wanted in connection with the fraud.
Theresa May visits Ifed officers as new fraud taskforce is launched
Home Secretary Theresa May MP visited officers and staff from the Insurance Fraud Enforcement Department last week as she launched a new fraud taskforce geared towards achieving a more joined-up approach to tackling fraud.
Thousands of commercial motor fraud cases uncovered by Aviva
Aviva detected almost 2200 cases of commercial motor fraud in 2015, with the company now set to screen all such policies for fraud at application.
Fraud Focus: Joining up the dots …
Financial services sectors must work together to fight against fraud despite facing their own problems
Four Birmingham ghost brokers sentenced
Four Birmingham men have been sentenced after a ghost broker insurance scam was uncovered by Insurance Fraud Enforcement Department detectives.
Signal Iduna implements Friss solution for fraud detection
German insurer Signal Iduna has introduced a software solution from Friss to fight fraud in a more structured and effective way within the claims process.
IFB joins SRA and insurer talks over 'consistent' approach to claimant firm fraud
High level discussions are taking place between the insurance industry and the Solicitors Regulation Authority towards establishing a consolidated process for submitting evidence of fraud perpetrated by claimant law firms.
Fundamentally dishonest pair added to IFR over £50k Axa claim
A fraudulent induced accident claim against Axa worth almost £50,000 has been thrown out after a Birmingham County Court judge concluded that the claimants were fundamentally dishonest in their testimony.
Elite to stop writing solicitors' PII as falling rates take a toll
Unrated carrier Elite Insurance is withdrawing from the English and Welsh solicitors’ professional indemnity insurance market.
Fraudsters sentenced over £38,000 Direct Line claim
Three fraudsters have been sentenced for planning a crash-for-cash scam that would have resulted in Direct Line Group paying out more than £38,000 in insurance claims.
Claims Club blog: Can the SRA grow enough teeth to put fear in 'dodgy' law firms
The word “landmark” seems to be an over-used one when it comes to legal judgements.