Fraud
Fraud event: ‘Fronting’ definition must be agreed before IFR and Bill introduced
The insurance industry must agree a definition and approach towards ‘fronting’ before the introduction of the Insurance Fraud Register and the Consumer Insurance Bill comes into force, delegates were warned.
Fraud event: Disagreement over point to target fraudsters
Application fraudsters are ‘hiding behind the web’ but disagreement reigns over whether to target scammers at the point of quote or sale. Panellist Steve Sweeney, head of motor insurance at Money Supermarket, said his firm is working towards stamping out…
Fraud event: Gadget fraud on the rise as consumers look to upgrade
Insurers have been urged to “up the ante” against the rising number of younger consumers engaging in household fraud in order to gain a gadget upgrade.
Post Blog: Crash-for-cash and carry
The plastic bag has got somewhat of a bad reputation in recent years.
ABI helps tackle insurance application form fraud
On 27 October the Association of British Insurers will publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.
Questgates provides health fraud training
Questgates is to deliver accredited counter fraud training to Health Insurance Counter Fraud Group members.
IFB seeks to double staff numbers with 25% increase in industry levy
The Insurance Fraud Bureau is to double its staff by increasing its industry funding levy income by 25% to £2.8m.
Cyber liability: Getting hacked off
Back in 1983, when Hollywood produced a film about a young boy inadvertently hacking into military systems, the possibility of such an occurrence seemed the stuff of fantasy and doom-mongers.
Fraud occupancy: Occupational hazard
With a decrease in the number of mortgages being approved by lenders, insurers must be alive to a potential rise in occupancy fraud by those looking to buy-to-let.
Family found guilty over compensation claim
The husband and daughter of a woman who lied about the extent of her injuries after she was hit by a bus in order to claim £1.5m in compensation, have been found guilty of contempt of court.
Ageas investigation lands 10 crash for cash fraudsters
A gang of 10 fraudsters involved in a crash for cash conspiracy to cheat insurance companies out of almost £500 000 have been sentenced following an investigation led by Ageas.
Wood kicks off recruitment drive for fraud unit as threat assessment begins
The detective chief inspector charged with heading up the Association of British Insurers-funded fraud unit will wait for the results of an initial threat assessment before targeting specific areas of vulnerability within the industry.
RBSI bolsters its claims counter fraud operation
Bob Spencer has joined the claims team at RBS Insurance as head of counter fraud and Michael Brown as head of the counter fraud intelligence function.
Nine arrested in Yorkshire following alleged crash for cash scam
Insurance Fraud Bureau investigations into crash for cash scams continue to gather momentum following the arrest of nine suspected fraudsters in West Yorkshire yesterday.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.
Allan Clare resurfaces at Barclaycard
Former RBS Insurance risk and financial crime boss Allan Clare has moved out of insurance and into the better-resourced world of credit cards, becoming head of financial crime at Barclaycard.
IFB calls for vigilance following latest crash for cash conviction
Insurance Fraud Bureau director Glen Marr has highlighted the organisation’s successful partnership with police following the latest in a long line of ‘crash for cash’ convictions.
Keoghs calls for law reform on fraudulent claims
Law firm Keoghs, which helped LV= secure a conviction against a personal injury fraudster, has called for legislative reform to deter criminals seeking damages.
Police chief to head insurance fraud unit
A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
Richard Davies wins Special Achievement Award
Richard Davies scooped the IFB Special Achievement Award last night at Post’s Insurance Fraud Awards 2011.
Focus on personal injury fraud means insurers missing the bigger picture
Law firm Beachcroft has warned that insurers are so focused on personal injury fraud they are missing large-scale credit hire scams.
Ace heralds international efforts as fraudster jailed
Ace Europe has trumpeted its international claims investigation system, following the conviction of fraudster Anthony McErlean, who was jailed last week for attempting to claim £520 000 from the insurer after faking his own death.
Airmic set to work with XL and industry on refined non-disclosure clause
Airmic’s non-disclosure clause, launched in a flurry of publicity in June, has kick-started a debate that could see it replaced by one drawn up by XL Insurance.
Agriculture: Reaping the rewards
With a rise in the theft of agricultural plant equipment, the industry and police are striking back with new initiatives.