Fraud
Mutual warns of rise in sheep rustling
Cornish Mutual has warned the high price of lamb could lead to a marked increase in claims for sheep rustling.
IFB extends Cheatline facility
The Insurance Fraud Bureau has increased the operational capacity of its Cheatline facility.
Law firm backs new fraud bureau
Hill Dickinson is working in partnership with the new National Fraud Intelligence Bureau to help police crack down on serial fraudsters.
Identity fraud: Tolerance levels
With technological advances arguably making insurers more susceptible to fraud at the underwriting stage, should validation techniques be learned from banks? Amy Ellis examines the issue of fraud at the front end.
BIS countdown - business transformation: Adapt to survive
Insurers can adapt to survive the unprecedented changes ahead by looking at other sectors, such as the automotive industry, which have already suffered the twin stresses of global competition and enhanced customer expectations, claims Keith Aylwin.
Swiftcover to check history of applicants in fraud crackdown
Swiftcover has said that it wants to crack down on drivers who lie about previous claims to get cheaper insurance by automatically checking the claims histories of applicants.
Legal update - motor fraud: Paying the cost
Pursuing a non-party for costs should not be taken lightly, but it could prove a powerful deterrent when fighting fraudsters. Craig Nunn explains.
Fraud - travel insurance: The Achilles heel
As the third package tour operator since July collapses, Nikki Grieve-Top highlights the importance of travel insurance but also warns of its vulnerability to fraud.
Postbox: Exclusion key to fraud prevention
Richard Davies' article 'Time to share fraud data' () highlights an age-old problem: that insurance fraud is ok for many policyholders — unless they get caught. But why not exclusion?
View from the top: Commercial reality check
The most recent round of financial results from across the market has provided further proof, if more were needed, that commercial insurance is being sold too cheaply. Indeed, this has been the case for far too long. Action to address this is a matter of…
VFM announces £40m saved in fraud detection
VFM Services has revealed it has topped £40m in savings for its clients since 2004 - almost entirely related to sub £5k claims.
Automotive finance fraud hits four year high
Automotive fraud rose by 35 per cent in the first half of 2010, overtaking attempted mortgage fraud in the second quarter to reach its highest level since early 2006, according to Experian.
Swiftcover cracks down on claims
Swiftcover has said it wants to crack down on drivers who lie about their previous claims to get cheaper insurance.
Insurance Fraud 2010
Hear the latest initiatives on combating insurance fraud from Aviva, Allianz, Axa, Experian, the Insurance Fraud Bureau, the Financial Ombudsman Service and others at Post's Fraud 2010 conference later this month.
View from the top: Time to share fraud data
Industry fraud statistics are normally presented as a good news story. Last year, insurers stopped 122 000 frauds, preventing payment of a huge £840m.
Law report: Furniture company director found liable for breach of trust
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Both sides rapped over request for information
This law report has been contributed by national law firm Berrymans Lace Mawer.
Legal update - tax relief schemes: Ad hoc relief
The repeal of certain tax reliefs for investors has seen a spate of claims against professionals who advised on such transactions. Julian Miller and Tom Pangbourne look at the downfall of the system and its implications for the insurance industry.
Legal update - motor claims: Expert handling
Contesting motor claims that seem grossly and deliberately exaggerated can be a tricky business. Roger Mackle examines two cases where fraud was alleged that had very different end results.
North-west remains hotbed of UK 'cash for crash' fraud
The North-west is still the 'cash for crash' centre of the UK, despite Birmingham retaining its place at the top Insurance Fraud Bureau's regional hotspot league table.
Three new entries in IFB ‘cash for crash’ tables
Sheffield, Leicester and Warrington have been named as new entries in the Insurance Fraud Bureau’s top 20 regional hotspots for 'cash for crash' activites.
Postbox: Discovering the intentions of customers
As the Actuarial Party's recent report states, claims management companies are driving some people to claim.
Rok looks for new FD in wake of £3m loss
Rok has recorded a pre-tax loss of £3m for the first half of 2010, following the suspension of its finance director for failings in the control of its plumbing, heating and electrical business.
FSA crackdown: whistleblower helps ban unauthorised broker
A whistleblower has helped ban an unauthorised insurance broker from performing any regulated role in financial services, after he was caught using client money to fund a new broking business.