Fraud
IFB and Crimestoppers launch ‘crash for cash’ campaign
The Insurance Fraud Bureau and Crimestoppers have launched a camping highlighting the crash for cash hotspots and appealing for information on those making bogus claims.
Blog: The importance of data analysis
Data has always played a significant role in all key stages of the insurance customer lifecycle. But, increasingly, the onus is on insurers to take all the necessary steps to understand their customers, validate the information provided and assess the…
Penny Black's Insurance Week - 26 November
A day at the races is par for the course for women of Penny’s stature, and at one such occasion last week Penny found herself in the pleasant company of Torus’ head of marine Demian Smith.
Blog: Time for change
The Insurance Fraud Bureau has been a positive, collectively funded vehicle for the industry in tackling organised motor fraud, and has influenced industry thinking.
Former South African broker accused of fraud identified by UK students
An insurance broker who fled South Africa after being accused of committing £1.5m fraud has been identified by UK school students he taught in Cornwall.
Industry launches ghost broking campaign
The Insurance Fraud Enforcement Department, the Insurance Fraud Bureau, Crimestoppers and the Association of British Insurers has launched a campaign warning young motorists about ghost brokers.
Industry bodies join forces to warn public about threat of ghost brokers
ABI, Ifed and IFB work with Crimestoppers in campaign targeting young male drivers.
Insurers hope for strike-out legislation after consultation on Summers review
Only two of 18 parties voice opposition to review in Law Commission consultation.
Comment: My Licence will benefit all parties
Project aims to reduce costs for insurers, speed up underwriting and ultimately bring down motor premiums.
Industrial deafness: The new whiplash?
As fraudsters and claims management companies begin to feel the impact of whiplash reform, is industrial deafness becoming insurers’ new problem area?
Motor market urged to get on-board with My Licence
The Association of British Insurers is calling on the motor insurance market to sign up to My Licence to reduce fraud and improve policy applications.
Restoration firm and insurers join forces against fraud
A new fraud identification service aimed to help insurance companies identify and reduce the cost of fraudulent claims has been launched by claims audit and damage restoration experts firm Servicemaster Clean.
Your say: Getting campaigning right
If the Association of British Insurers are now seriously considering a publicity campaign to change the hearts and minds of the public and alter the commonly held view that insurance fraud is a victimless crime, then this must, in my opinion, be…
Blog: Homes for Haringey v Barbara Fari and Piper Fari - A new era for fighting fraud
In the ongoing fight against fraud, contempt proceedings - often described as "the nuclear option" - could have a role to play, in the right case.
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.