Fraud
2011 Fraud Awards Shortlist is announced
The shortlist for the 2011 Fraud Awards has now been revealed. This event, now in its 3rd year, recognises and rewards excellence across the market. The celebrations will take place on Wednesday 5 October.
Career development & CSR: Skills gap and reputational issues hindering recruitment
A shortage of insurance professionals with actuarial, claims and specialist liability underwriting skills is hampering the sector's development in the UK.
Postbox: Fraud unit funding not a floodgate
Your front page headline 'Insurers fear £9m fraud unit will prompt further cash calls' is somewhat alarmist.
Bogus death faker set for five-year jail sentence
A man who made a fraudulent claim of £520 000 to Ace Europe after faking his own death in Honduras could face up to five years in prison when he is sentenced within the fortnight.
NFU fraud manager jailed for £410 000 scam
NFU Mutual's financial crime manager has said the insurer has a "zero tolerance" stance against fraud, after one of its fraud managers was jailed for three years and four months after conning it out of £410 000 over six years.
Co-operative confirms dedication to GI market
Co-operative Financial Services has claimed general insurance remains "integral" to its business, after announcing plans to shed 750 jobs and sell off its life insurance business.
Surveillance case sentence just 'the tip of the iceberg'
A law firm that used surveillance footage to prove a man's claim of being left wheelchair-bound after a car accident with a Saga policyholder was fraudulent, has claimed the landmark case is "the tip of the iceberg".
Roundtable - Claims: The claims game
The expert panel at our recent roundtable on the claims process got their teeth into technology and staffing issues, how to tackle fraud and the impact of telematics. Leigh Jackson reports.
Editor's comment: Partners and crime
This week's insurance news theme could be the stuff of another unpublished Jane Austen novel — Partnership & Punishment — although it's doubtful the Bodleian would fork out another £1m for the privilege. Or perhaps with a title like that it's more…
Editor's comment: The force is with you
No sooner had the details of the dedicated insurance fraud police unit been revealed this week, than the first fearful voices started to emerge, concerned that this initial £9m bill will be just the tip of the iceberg.
Insurers fear £9m fraud unit will prompt further cash calls
Figures within the insurance industry have expressed fears that it will be called on to foot the bill for more policing after agreeing to invest £9m over three years in an insurer-funded police fraud unit.
Guest comment - Referral fees: Take off the blinkers
The banning of referral fees should just be the beginning of a wider overhaul of the civil litigation system, argues Groupama managing director Laurent Matras.
Commercial insurance reform back on agenda
The Law Commission has turned its attention to reforming commercial insurance pre-contract law after confirming a second consultation paper will be published this winter.
City of London Police to create £9m 35 strong insurance fraud team
The insurance industry has confirmed final plans to fund a multi-million pound City of London Police unit aimed at tackling insurance fraud.
Snuko and Ingenin sign up to 'anti-theft' partnership
A strategic partnership between Snuko and Ingenin will result in anti-theft products being made available to all UK insurance policy holders.
IFR costs to be revealed as police unit green-lit
Insurers are to be told how much they will have to contribute to the funding of the Insurance Fraud Register in the "coming weeks" with plans to roll out the register early next year.
Tackling fraud - Roundtable: The time for action is now
With new counter-fraud tools coming onstream, Post gathered a group of experts to assess whether these will be enough to outweigh expected reductions in police resource when fighting this crime. Chinwe Akomah reports.
ABI approves fraud register and police unit
The Association of British Insurers has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
Spotlight on: Insurance scores - Adapting to new methods
Despite there being restrictions to exactly replicating US insurance scoring methods in the UK, Graham Lund asserts that certain elements could be adapted for much greater effect.
Spotlight on: Insurance scores - Number crunching
Looking at the links between credit data and insurance behaviour is unusual in the UK, but this could be about to change, claims Sam Barrett, as insurers look to develop the data sources they use.
Household - Flood risk: Removing the safety net
In two years, the insurance industry's pact with central government to provide flood cover for at-risk properties will cease to exist. Ralph Savage reports on how insurers are planning to meet the challenge post-2013.
Insurance Fraud Register given the ICO green light
The Information Commissioner's Office has given the green light to the definition of fraud that would be used by the insurance industry if the Insurance Fraud Register is given the go ahead this week.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Legal update - Occupational disease: Networking issues
With occupational disease claims hitting the headlines in recent months, as the Supreme Court seeks to resolve disputes, Ben FitzHugh comments on how the industry can make best use of social networking sites when defending such claims.