Fraud
IFB to present business case to GIC in November
The Insurance Fraud Bureau is to present its business case to the General Insurance Council on 26 November with work to test the feasibility of identifying organised fraud networks in claims underwriting data expected to start this month (September).
Judge dismisses “bang to rights” claim on fundamental dishonesty grounds
Conwy and Colwyn County Court sunk a personal injury claim deemed exaggerated and fabricated after a judge found a claimant pulling a dishonest "bang to rights" move.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Fraudster handed seven-year sentence after faking death to claim life insurance
A fraudster has been sentenced to seven years in jail after faking a woman’s death to claim nearly £1.7m in life insurance.
Savesure shareholder Whittington banned and fined by FCA
The Financial Conduct Authority has fined Savesure shareholder Ralph Whittington £42,111 and banned him from performing any function in relation to regulated activity for failing to act with integrity in carrying out his controlled functions.
Editor's Comment: Don't mention the whiplash
The Oxford Dictionary shows the definition of collaboration as the action of working with someone to produce something and I’m sure that this is what the Association of Personal Injury Lawyers’ president was encouraging when he wrote an open letter to…
ABI poll shows consumers plagued by bogus insurance claims calls
The Association of British Insurers called for clampdown on rogue claims management companies today (8 September), as a survey shows people continue to be bombarded with nuisance calls and texts encouraging them to seek compensation for injuries they…
IFB's Cheatline received 500 reports per month in 2014
Honest consumers are taking a stand against insurance cheats by reporting known fraud cases to the Insurance Fraud Bureau’s confidential Cheatline, new data has shown.
Axa halts 'significant' personal injury claims with fundamental dishonesty defence
Two fraudsters have withdrawn fake but financially significant personal injury claims after Axa used the fundamental dishonesty defence.
Apil president calls for collaboration on CMCs and young driver safety
The president of the Association of Personal Injury Lawyers wants to “ratchet down the rhetoric” and create greater collaboration between insurers and claimant solicitors by targeting mutual priorities.
Blog: The Sonae group action and the compensation culture
The judgment handed down last month in Saunderson & Others v Sonae makes for uncomfortable reading. Dismissing over 16,000 personal injury claims, a High Court judge criticised the conduct of the solicitors who had brought induced, exaggerated and…
C-Suite - Broker: Sending a message
Attacks on honest motorists need to stop – and a strong message needs to be sent to fraudsters.
Two men jailed for 'cynical' scam to defraud Axa of £15k
A pair of opportunistic fraudsters who teamed up to con Axa out of £15,000 have been jailed for a total of 30 months at Teesside Crown Court.
Go Compare blocks 'thousands' of fraud attempts with point-of-quote detection tool
Go Compare has rolled out a point-of-quote fraud detection and prevention service in collaboration with fraud solutions company Iovation, which it says is the first such tool developed by an aggregator.
Stepping up data sharing against fraudulent travel claims
As travel insurance fraud is becoming more frequent, the industry needs to step up monitoring and information-sharing, just like it has been doing to tackle motor and household fraudulent claims, says Mathew Crawford-Thomas.
Axa and Biba to clamp down on fraud by educating customers
Axa has teamed up with the British Insurance Brokers’ Association to proactively educate customers on the definition, consequences and wider impact of committing fraud.
Quindell inquiries expected to run for years as shareholders seek redress
Hundreds of shareholders of beleaguered outsourcer Quindell are gearing up to seek compensation following “misleading statements” by the firm’s former management, as market insiders reveal investigations into the company could run for several years.
FCA ends Quindell investigation in light of SFO probe
The Serious Fraud Office’s decision to launch an investigation into previous business and accounting practices at Quindell has led to the Financial Conduct Authority discontinuing its own inquiry.
CMC boss jailed for bogus police car collision claims against Travelers
A claims management company director has been jailed for 12 months for his part in pursuing claims on behalf of an unknowing group of schoolboys who had been involved in a collision with a police car.
Keighley pair jailed for £167,000 fraud scam
Two Keighley men who created insurance policies for people who did not exist and then submitted 300 false personal injury referrals worth £167,000 for made-up road accidents have both been jailed for four and a half years.
Dishonest motor insurance applications exceeded 4000 weekly in 2014
Insurers uncovered 212,000 attempted dishonest applications for motor insurance in 2014 - up 18% on 2013 and the equivalent to over 4000 every week, according to the Association of British Insurers.
Miss England contestant and semi-pro footballer jailed for whiplash fraud
A former Miss England contestant and ex-semi-pro footballer has been jailed for two months alongside another woman after attempting to defraud Esure out of £3000 for a false whiplash claim.
Quindell to be investigated by Serious Fraud Office
The Serious Fraud Office has notified Quindell that it has opened an investigation relating to past business and accounting practices at the outsourcer.
Manchester fraudsters sent to jail for whiplash scam
Five people from Manchester involved in a fraudulent whiplash claim scam have been jailed for a total of five years.