Fraud
Quiz of the week - 8 January
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
Ifed inquiry leads to jail time for income protection fraudster
A 28-year-old man has been jailed for more than three years after he attempted to defraud two insurance companies out of £97,824 for lost income for a job he never had due to an illness he falsely claimed to be suffering from.
Aviva investigation puts brakes on party bus claimants
Aviva has successfully quashed attempts by passengers on a double-decker ‘party bus’ to erroneously claim more than £250,000 for whiplash injuries supposedly caused by a minor collision.
Gang of eight convicted in motor fraud
A crash-for-cash scam, which saw insurers pay out more than £120,000 to fraudsters, has seen another man convicted of conspiracy to defraud.
Government insists whiplash reforms will be introduced "as soon as possible"
Insurers have committed to give customers 100% of the savings made from new Government reforms to reduce fraudulent whiplash claims, it was announced today.
Aviva notes 19% rise in cash for crash as 4000 suspect claims are studied
Aviva has revealed it is looking into more than 4000 suspect whiplash claims after confirming it received five of the 28 fraudulent claims involved in a major cash for crash ring in Wales that cost insurers more than £763,000.
Major motor fraud ring in Wales busted by police
An investigation into a major crash-for-cash ring in Wales has led to 81 convictions, including some with substantial jail time, in the largest police operation into insurance fraud undertaken to date.
QBE succeeds in £500,000 contempt of court action
QBE has won a £500,000 contempt of court action against a customer, who was sentenced to an immediate three month custodial sentence on 15 December.
Europe: Russian insurance market, preliminary 2015 results and 2016 forecasts
Post asks experts at the Central Bank of Russia to share their views on how the domestic insurance market fared in 2015, and their predictions for the coming year.
Review of the Year: Legal
For insurance lawyers, 2015 has been marked by the Medco portal going live in a sustained effort to reform whiplash claims. But the year has also seen major rulings regarding aggregation, costs and rates, all expected to have wide-ranging implications.
Slater and Gordon MD Grech warns government over RTA reform “backlash"
The boss of one of the UK's leading claimant law firms has warned about the "unintended consequences" if the government goes ahead with the reforms outlined in the Autumn Statement to combat compensation culture.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?
Interview: Slater and Gordon: Not for the faint-hearted
Despite some setbacks, the Slater and Gordon management team remain committed to an international business plan rooted in consolidation and cooperation.
IFB strategy approved by ABI council
The Insurance Fraud Bureau's strategy plans were officially signed-off today (11 December) giving the green light to stretching its mandate from organised motor to property and liability fraud.
IFB joins forces with ICO in fraud fight
The Insurance Fraud Bureau has formalised its data-sharing agreement with the Information Commissioner’s Office in a bid to track misuse of personal data in insurance fraud.
Asia: Trade credit's double digit growth prospects
Trade credit insurance in Asia looks set to enjoy double-digit growth in the years ahead, but the market is not without challenges writes Nicky Burridge.
Thompsons responds to insurer meeting on fraudulent solicitors
Claimant firm Thompsons Solicitors has accused insurers of "talking up a crisis" to suit their own agenda in relation to the amount of personal injury fraud reported by the industry.
Bogus claimant found guilty in canteen slip and trip
A college chef who claimed for slipping in her work canteen has been found guilty of fraud by false representation, with CCTV evidence vital to the case.
Penny Black's Insurance week - 3 December 2015
We recently heard why robbers shouldn’t target any insurer’s chief digital officers as they are likely to be caught on camera by high tech gadgets.
Industry disputes claimant solicitor criticism of move to 'care, not cash' claims model
Criticism of the government’s acceleration of personal injury reforms in the motor market by the claimant legal fraternity has been dismissed by the wider insurance industry, which has welcomed a shift in claims from cash to care.
Fundamentally dishonest claimant to pay £4500 for Eldon PI con
A fundamentally dishonest personal injury claimant has been ordered to pay almost £4500 in defendant costs after it was found in court there was a deliberate attempt to deceive.
Fraud 2015: Collaboration is sharing knowledge not just data
There are too many databases and not enough pressure on the Claims and Underwriting Exchange to tackle fraud, Covéa Insurance’s head of financial crime told delegates at the Fraud Summit.
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
Fraud 2015: Fraud 'mountain' too much for Ifed to handle
The Insurance Fraud Enforcement Department is currently seeing just the “snowy bit” of the insurance fraud mountain and there is too much fraud for the 28-strong department, according to its deputy head.