Fraud
Broker warns of motor insurance fraudsters manipulating MID records
Specialist motor broker DNA Insurance Services has warned that fraudsters are avoiding paying the appropriate premium for their risk by buying motor trade road risks policies to ensure their vehicles appear on the Motor Insurance Database.
Tevez trial prompts MIB outcry on uninsured drivers
Carlos Tevez' trial for driving while disqualified and without insurance has prompted the Motor Insurers' Bureau chief executive to call on footballers to set a better example to young drivers.
Your say: Don’t tar all fraud staff with the same brush
I applaud the Financial Services Authority’s interest in how insurers use private investigators.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Hastings boss Hoffman cools talk of IPO following year of 'strong growth'
Hastings chief executive Gary Hoffman has moved to dampen speculation that his firm is manoeuvring itself to launch an initial public offering in the months ahead, but has refused to rule out a float in the long-term.
Improving Underwriting: The bigger the better
How is the move towards ‘big data’ from external sources helping insurers price risk in the post-Gender Directive environment?
Crash for cash family who sent local premiums soaring receive jail time
Seven members of a family who ran a multi-million- pound cash for crash scam that sent the motor premiums of residents who lived in the same village soaring have appeared at court.
IFB helps build 25 high-impact crash-for-cash cases
The Insurance Fraud Bureau helped build 25 high-impact crash-for-cash cases in collaboration with Duran Police’ Operation Nacho.
David Neave joins Parabis board
The Co-operative's outgoing general insurance managing director David Neave has become Parabis' first non-executive board member since it gained an alternative business structure licence last August.
Fraudulent claims prove tempting for motorists, says Go Compare
More than 6% of motorists surveyed by Go Compare said they would consider making a fraudulent insurance claim if the opportunity presented itself.
IFB and Acpo to share fraud intelligence
The Insurance Fraud Bureau and the Association of Chief Police Officers have signed an agreement to share intelligence on organised criminal gangs and combat insurance fraud.
Industry expresses surprise as FSA probes use of private investigators
The Financial Services Authority has launched an investigation into insurance firms’ use of private investigators after becoming suspicious they are being deployed as a “tactical tool” to slash valid claims payments.
Your Say: Insurers can influence metal theft
While parliament is yet to agree the scope and specifics of the Scrap Metal Dealers Bill, what is certain is the scrap metal industry is facing tighter controls than ever before.
Fraud: A war on all fronts
Fraud affects all lines of business and yet to date insurer focus on solving the problem has been on motor. Is it time for a shift in perception?
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Improving Underwriting: The extra mile
The use of geographic intelligence can improve the understanding of risk in the motor insurance space.
Zurich disappointed with fraudster sentence
Having successfully defended a criminal case against crash for cash fraudster Mark Smith, Zurich has said it is disappointed that the fraudster did not receive a custodial sentence.
Zurich wins crash-for-cash conviction
The driver of a Porsche who has admitted deliberately causing a crash with a council van has secured the City of London Police's Insurance Fraud Enforcement Department its first crash-for-cash conviction.
Day joins Global Options advisory board
Global Options has appointed former Ace vice president Roger Day to its advisory board.
Global Options adds to advisory board
Global Options, a provider of special investigative unit services to the insurance community has appointed Roger Day to its advisory board.
International: Are you protected?
A pan-European data protection regulation may enhance transparency and accountability, but could inadvertently hamper insurance activities, harming companies and policyholders.
IFB investigation leads to jail time for fraudsters
The insurance industry has demonstrated a “zero tolerance” stance towards fraud produces results, after two fraudsters responsible for handling “thousands” of fictitious or inflated personal injury and credit hire claims were sentenced to jail.
Fraudulent claim handlers jailed
Two fraudsters responsible for handling ‘thousands’ of fictitious or inflated personal injury and credit hire claims have been sentenced to jail.
Fraudulent burglary claims rise in Q4
The final quarter of the year saw the most fraudulent insurance claims according to VFM services, with the largest portion coming from fraudsters claiming multiple items.