Fraud
Two more charged in £4m insurance scam
Another two professionals have been charged in an ongoing multi-million pound fraud against the UK insurance industry.
CIFAS: fraud remains “rife” in the UK
Data provided by the 265 member organisations of CIFAS – the UK’s Fraud Prevention Service - has revealed fraud remains rife in the UK.
Insurers appalled over surgeon’s ‘voluntary erasure’
Health insurers were “astonished” to be given only 24 hours to respond to a Harley Street surgeon’s application for ‘voluntary erasure’ from the medical register — after four years of building a case of evidence regarding improper conduct.
In series - Property claims: Wait less programme
Technology has the ability to deliver improvements and increase efficiency in property claims handling. Sam Barrett reports on some of the advances being made and the benefits they can bring.
Research claims aggregators and brokers must up fraud fight
Nearly 80% of insurance fraud investigators believe aggregators and brokers must take more active responsibility for preventing fraud, with the majority calling for more stringent checks at policy inception.
League table reveals top fraud cities
Birmingham, Liverpool, and Manchester saw the most fraudulent activity in Q3 2010, according to the Insurance Fraud Bureau.
Advantage withdrawal causes concern to rivals
AA Insurance has expressed disappointment at Hastings Insurance Service's announcement that its major insurance partner, Gibraltar-based Advantage, is to cease writing external business.
25% of drivers pay out to avoid an insurance claim
Research by discount and voucher code website ‘My Voucher Codes’ has revealed that a quarter of drivers have avoided using their motor insurance by giving money to a driver they have crashed into to fix the damage.
Former PWS boss gets 21 months for Costa Rica bribes
The Serious Fraud Office has welcomed the "appropriate" 21-month prison sentence handed to former PWS International chief executive Julian Messent.
VFM tries different tack by appointing no replacement MD
VFM Services will not replace its outgoing managing director Nick Sugden when he retires at the end of the year.
Industry tackles ghost brokers
The insurance industry is working with police to develop an educational programme to help tackle fraudulent practices by so-called 'ghost brokers'.
Former PWS chief executive jailed for 21 months
Julian Messent, the former chief executive of broker PWS International, has been jailed for 21 months after admitting making or authorising bribes totalling $2m.
UK personal motor market to remain unprofitable until at least 2015
The UK personal motor market is to remain unprofitable until at least 2015, according to a survey of UK insurers by Tower Watson.
Outgoing VFM MD 'will not be replaced'
VFM Services managing director Nick Sugden is set to retire after four years with the company.
The Insurance Fraud Awards 2010 - winners announced
Over 380 of the great and the good from the general insurance industry's fraud detection and prevention sector gathered in London last night for Post's Insurance Fraud Awards 2010.
Comment - Rates: Tackling the flaws
Jack Brownhill asks why the motor market seems unable to learn from the past and tackle its structural flaws.
Allianz reaps benefits of MoJ's electronic claims portal
Allianz has made significant savings in the five months since the Ministry of Justice's electronic portal for road traffic accident claims was set up.
LV talks tough on fraud as senior claims manager Lawless imprisoned
LV has signalled its intent to punish internal fraud, after it emerged a former claims boss at Highway has begun a three-and-a-half year fraud sentence.
Claims Event news: Ever-changing tide of regulation could leave some firms exposed
"They say it is only when the tide goes out that you know who has been swimming without their trunks on", said Ant Gould, chairman of the Claims Club, as he welcomed more than 200 movers and shakers from the claims industry.
Travel insurers go it alone on fraud database
Mondial Assistance has called for a travel insurers' database, after revealing it has entered a data sharing agreement with four other insurance firms.
Police seize £150k from "crash for cash" criminal through POCA
Airedale and North Bradford Police have fired a warning to criminals after successfully confiscating £150,000 from Mohammed ‘Mojo’ Rashid on October 11 under the Proceeds of Crime Act.
Mondial calls on travel insurance industry to back anti-fraud efforts
Mondial Assistance is calling for fellow travel insurers to get behind efforts to tackle fraud as it reports its own successes in the past few months.
ABI approves IFR trial
The Association of British Insurers has given the green light for a six-month trial of the Insurance Fraud Register.
Fraud Management Briefing news: RBSI's Clare urges more underwriting input in fraud arena
Insurers must focus on the entire length of the product cycle in order to combat fraud, a senior figure at Royal Bank of Scotland Insurance has warned.