Fraud
Insurers countering credit hire fraud despite rise in exaggerated claims
Fraudulent credit hire claims involving ‘artificial exaggeration’ have increased by 29% over the past two years, according to a study carried out by law firm DAC Beachcroft.
IFB levy increase not prohibitive to members who see ‘value for money’
The Insurance Fraud Bureau’s decision to increase its levies for 2014 will not be an obstacle to membership, according to market commentators, as its data sharing capabilities are seen as “value for money”.
Operation Catcher team to be dissolved in Met streamlining
A Metropolitan Police team charged with prosecuting insurance fraudsters is to be dissolved and amalgamated with another unit within the force, raising concerns in the industry about resourcing for insurance fraud operations.
Fraud Conference 2013: Cybercrime threat needs to move up the agenda to boardroom level
Fighting cybercrime should be an executive board consideration, insurer panellists at Post’s Fraud conference in London said last week.
Fraud Conference 2013: Insurers demand fundamental reassessment on data sharing
Concerns have been raised about plans by the Chartered Insurance Institute to reform data sharing between insurers and others using section 29(3) of the Data Protection Act.
Fraud Conference 2013: ABI considers anti-fraud advertising campaign to drive message home
The Association of British Insurers may consider advertising in the national media to tackle public perception of insurance fraud, its head of property fraud and specialist lines Aidan Kerr has said.
Penny Black's Insurance Week - 14 November 2013
Penny was delighted to catch up with the new team at Equity this week and find out what their plans are for next year following the overhaul of the business.
Telematics key in combatting motor fraud, according to Octo
Octo Telematics is predicting telematics products could see the end of motor fraud tactics such as crash for crash schemes and bogus whiplash claims.
Insurers warned to brace for escape of water claims surge
IFIC Forensics has warned insurers to brace themselves for an influx of escape of waterclaims, as weather experts forecast the beginning of the coldest winter in 100 years this November.
Fraudster granny handed three months in jail pending appeal
A grandmother who falsely tried to claim £750 000 for an injury has been handed a jail sentence pending appeal for contempt of court.
Hill Dickinson appoints Braithwaite as fraud manager
Hill Dickinson has strengthened its complex fraud team with the hire of Kevin Braithwaite to the role of complex fraud manager.
IFR promised in ‘weeks not months’ but delay continues to frustrate
Davies cites importance of a foolproof platform as reason for IFR not being ready.
IFB unveils three point rogue CMC plan
The Insurance Fraud Bureau has revealed a new three point plan for tacking for claims management companies involved in insurance fraud.
DAC Beachcroft sets up Scottish fraud team
Law firm DAC Beachcroft has set up a specialist team of fraud lawyers in its Glasgow office.
DAC Beachcroft launches Scottish fraud team
DAC Beachcroft has extended its claims validation team services into Scotland, establishing a specialist fraud team at its Glasgow office.
Grandmother facing jail after contempt conviction over injury claim
A grandmother could be facing a jail sentence after being found guilty of contempt of court for exaggerating the extent of a personal injury claim.
Opportunistic Fraud: Zero tolerance
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
Des Hudson slams ABI for lack of cooperation on fraud fight
Law Society’s chairman Des Hudson has criticised the Association of British Insurers for its “lack of cooperation” in the fight against fraud.
Biba supports whiplash move
The British Insurance Brokers’ Association has welcomed the announcement today by Justice Secretary Chris Grayling to establish independent medical panels to assess whiplash injuries.
Expert panels won’t deter fraudsters says Smart Witness
The Ministry of Justice’s plan to introduce independent medical panels for reviewing whiplash claims is set to fail, according to road accident firm Smart Witness.
Mass welcomes MoJ small claims deferral decision
The Motor Accident Solicitors Society has welcomed the Ministry of Justice’s announcement to defer its decision on the small claims limit for general damage claims.
Insurance lawyers welcome whiplash medical panel proposals
Claimants and defendant lawyers alike have welcomed the government’s plans to introduce independent medical panels for validating whiplash claims.
Private Investigators: Watching the watchmen
Three insurers were named among the firms being probed by the Information Commissioner’s Office for their use of rogue private eyes, but how will the wider industry be impacted by the investigation?
RSA’s ‘ghost broker’ handed 15 month suspended jail time
A man who fraudulently re-sold invalid car insurance policies has been given a 15 month jail sentence, suspended for two years.