Fraud
Family found guilty over compensation claim
The husband and daughter of a woman who lied about the extent of her injuries after she was hit by a bus in order to claim £1.5m in compensation, have been found guilty of contempt of court.
Ageas investigation lands 10 crash for cash fraudsters
A gang of 10 fraudsters involved in a crash for cash conspiracy to cheat insurance companies out of almost £500 000 have been sentenced following an investigation led by Ageas.
Wood kicks off recruitment drive for fraud unit as threat assessment begins
The detective chief inspector charged with heading up the Association of British Insurers-funded fraud unit will wait for the results of an initial threat assessment before targeting specific areas of vulnerability within the industry.
RBSI bolsters its claims counter fraud operation
Bob Spencer has joined the claims team at RBS Insurance as head of counter fraud and Michael Brown as head of the counter fraud intelligence function.
Nine arrested in Yorkshire following alleged crash for cash scam
Insurance Fraud Bureau investigations into crash for cash scams continue to gather momentum following the arrest of nine suspected fraudsters in West Yorkshire yesterday.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.
Allan Clare resurfaces at Barclaycard
Former RBS Insurance risk and financial crime boss Allan Clare has moved out of insurance and into the better-resourced world of credit cards, becoming head of financial crime at Barclaycard.
IFB calls for vigilance following latest crash for cash conviction
Insurance Fraud Bureau director Glen Marr has highlighted the organisation’s successful partnership with police following the latest in a long line of ‘crash for cash’ convictions.
Keoghs calls for law reform on fraudulent claims
Law firm Keoghs, which helped LV= secure a conviction against a personal injury fraudster, has called for legislative reform to deter criminals seeking damages.
Police chief to head insurance fraud unit
A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
Richard Davies wins Special Achievement Award
Richard Davies scooped the IFB Special Achievement Award last night at Post’s Insurance Fraud Awards 2011.
Focus on personal injury fraud means insurers missing the bigger picture
Law firm Beachcroft has warned that insurers are so focused on personal injury fraud they are missing large-scale credit hire scams.
Ace heralds international efforts as fraudster jailed
Ace Europe has trumpeted its international claims investigation system, following the conviction of fraudster Anthony McErlean, who was jailed last week for attempting to claim £520 000 from the insurer after faking his own death.
Airmic set to work with XL and industry on refined non-disclosure clause
Airmic’s non-disclosure clause, launched in a flurry of publicity in June, has kick-started a debate that could see it replaced by one drawn up by XL Insurance.
Agriculture: Reaping the rewards
With a rise in the theft of agricultural plant equipment, the industry and police are striking back with new initiatives.
In series - Lloyd's & London Market: Technological challenges
After a slow start, Lloyd’s and the London market are embracing technological developments to drive down cost, time and errors. But is its embrace of new mediums firm and fast enough?
LV fraud boss issues warning as family receive jail time
The head of financial crime at LV insists that fraudulent claims are a growing problem for insurers, after a company investigation which resulted in a family of three being jailed for a combined 12 months.
NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
'Fake death' fraudster sentenced to six years
A callous fraudster who made a £520 000 claim to Ace Europe after faking his own death while in Honduras has today been sentenced to six years imprisonment.
BIS 2011: Industry warned over reliance on internet for information
“It is a danger to rely on publicly available information” the insurance industry has been warned by Ashwin Mistry, chairman of Brokerbility.
Neave rebuts IFB ‘revolving door’ claims
Insurance Fraud Bureau chairman David Neave insists there is no “revolving door” problem at the industry anti-fraud co-ordinator, after Glen Marr announced he was stepping down from the director role after just over a year.
Internal fraud fight aided by recruitment changes
Technological advances and improved recruitment screening over the past three years have helped insurers tighten their grip on internal fraud, according to experts from two major insurers.
So, what exactly does a high net worth fraudster look like?
Arrogance, financial pressure and criminal activity are the major motivators of a high-net-worth fraudster, Sterling Insurance has revealed.
Fraud: Advanced detection techniques responsible for recent fraud crackdown
Fraud investigators at major UK insurers have attributed the unprecedented number of high-profile fraudsters hauled before the courts over the past month to a more advanced industry-wide detection process.