Fraud
In series - Lloyd's & London Market: Technological challenges
After a slow start, Lloyd’s and the London market are embracing technological developments to drive down cost, time and errors. But is its embrace of new mediums firm and fast enough?
LV fraud boss issues warning as family receive jail time
The head of financial crime at LV insists that fraudulent claims are a growing problem for insurers, after a company investigation which resulted in a family of three being jailed for a combined 12 months.
NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
'Fake death' fraudster sentenced to six years
A callous fraudster who made a £520 000 claim to Ace Europe after faking his own death while in Honduras has today been sentenced to six years imprisonment.
BIS 2011: Industry warned over reliance on internet for information
“It is a danger to rely on publicly available information” the insurance industry has been warned by Ashwin Mistry, chairman of Brokerbility.
Neave rebuts IFB ‘revolving door’ claims
Insurance Fraud Bureau chairman David Neave insists there is no “revolving door” problem at the industry anti-fraud co-ordinator, after Glen Marr announced he was stepping down from the director role after just over a year.
Internal fraud fight aided by recruitment changes
Technological advances and improved recruitment screening over the past three years have helped insurers tighten their grip on internal fraud, according to experts from two major insurers.
So, what exactly does a high net worth fraudster look like?
Arrogance, financial pressure and criminal activity are the major motivators of a high-net-worth fraudster, Sterling Insurance has revealed.
Fraud: Advanced detection techniques responsible for recent fraud crackdown
Fraud investigators at major UK insurers have attributed the unprecedented number of high-profile fraudsters hauled before the courts over the past month to a more advanced industry-wide detection process.
Top 100 UK insurers supplement - AM Commentary: An uphill struggle
With earnings down, falling reserves and diminishing returns on investments, the tough times continue for UK non-life insurers.
Bruce joins UK General in bid to boost commercial – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the appointment of Cathie Bruce to the newly created role of commercial managing director at UK General.
IFB puts fraud searches on web portal
The IFB is making 128 million anti-fraud insurance records available on a web portal to provide fraud scores and intelligence reports.
Crash for cash gang to be sentenced
A gang of crash for cash criminals who pocketed almost £2m from false claims submitted through fraudulent accident management companies will be sentenced at Southwark Crown Court next month.
My best 11 - David Williams, Axa Commercial Lines
Axa Commercial claims and underwriting chief David Williams picks his best XI for a potential insurance start-up company. Relying on his vast management experience Williams has selected a mix of sporting, celebrity and insurance personalities.
Expert opinion: A missed opportunity
MP for Blackburn Jack Straw's proposed bill will have no effect on fraud or premiums, says Philip Dicken, strategic partnersip director, New Law.
View from the top: Sleepwalking to a fleet nightmare
New business discounts, cross subsidising and top-line chasing remain rife, says Laurent Matras, managing director, Groupama Insurances.
Whiplash - Britain: The European whiplash capital
With its proportion of whiplash claims far outstripping any other European nation, what must the UK do to curb this cause of claims inflation?
Questgates grows its counter fraud team
Loss adjuster Questgates has made three new appointments to its counter fraud division field force.
£2m "crash for cash" scam brothers jailed
Two Lancashire brothers who pocketed almost £2m between them from a “crash for cash” scam have been jailed.
Social media: Hashing out hashtags
Has the insurance industry finally mastered the art of social networking?
Loss adjuster hit with year-long jail term for £18 500 Zurich theft
A loss adjuster has been sentenced to a year in prison for theft and deception, owing insurer Zurich up to £18 500.
MoJ to split referral ban enforcement role between industry regulators
The Ministry of Justice has confirmed the government’s proposed ban on referral fees is likely not to be centrally administered, but instead enforced by a collection of disparate regulatory authorities.
Internal fraud: Internal affairs
Internal fraud within insurers has hit the headlines, so what obligations and recommendations are there to help stamp it out?
MoJ to split referral ban enforcement role - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Ministry of Justice that the government’s proposed ban on referral fees is unlikely to be centrally administered, and instead enforced by…