Fraud
Editor's comment: The force is with you
No sooner had the details of the dedicated insurance fraud police unit been revealed this week, than the first fearful voices started to emerge, concerned that this initial £9m bill will be just the tip of the iceberg.
Insurers fear £9m fraud unit will prompt further cash calls
Figures within the insurance industry have expressed fears that it will be called on to foot the bill for more policing after agreeing to invest £9m over three years in an insurer-funded police fraud unit.
Guest comment - Referral fees: Take off the blinkers
The banning of referral fees should just be the beginning of a wider overhaul of the civil litigation system, argues Groupama managing director Laurent Matras.
Commercial insurance reform back on agenda
The Law Commission has turned its attention to reforming commercial insurance pre-contract law after confirming a second consultation paper will be published this winter.
City of London Police to create £9m 35 strong insurance fraud team
The insurance industry has confirmed final plans to fund a multi-million pound City of London Police unit aimed at tackling insurance fraud.
Snuko and Ingenin sign up to 'anti-theft' partnership
A strategic partnership between Snuko and Ingenin will result in anti-theft products being made available to all UK insurance policy holders.
IFR costs to be revealed as police unit green-lit
Insurers are to be told how much they will have to contribute to the funding of the Insurance Fraud Register in the "coming weeks" with plans to roll out the register early next year.
Tackling fraud - Roundtable: The time for action is now
With new counter-fraud tools coming onstream, Post gathered a group of experts to assess whether these will be enough to outweigh expected reductions in police resource when fighting this crime. Chinwe Akomah reports.
ABI approves fraud register and police unit
The Association of British Insurers has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
Spotlight on: Insurance scores - Adapting to new methods
Despite there being restrictions to exactly replicating US insurance scoring methods in the UK, Graham Lund asserts that certain elements could be adapted for much greater effect.
Spotlight on: Insurance scores - Number crunching
Looking at the links between credit data and insurance behaviour is unusual in the UK, but this could be about to change, claims Sam Barrett, as insurers look to develop the data sources they use.
Household - Flood risk: Removing the safety net
In two years, the insurance industry's pact with central government to provide flood cover for at-risk properties will cease to exist. Ralph Savage reports on how insurers are planning to meet the challenge post-2013.
Insurance Fraud Register given the ICO green light
The Information Commissioner's Office has given the green light to the definition of fraud that would be used by the insurance industry if the Insurance Fraud Register is given the go ahead this week.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Legal update - Occupational disease: Networking issues
With occupational disease claims hitting the headlines in recent months, as the Supreme Court seeks to resolve disputes, Ben FitzHugh comments on how the industry can make best use of social networking sites when defending such claims.
Customer service: Customer service at risk due to desire to reduce overheads
Companies need to be alert to the danger of compromising customer service in their attempts to reduce overheads, warned David Tryon, director of client management at DST Global Solutions.
New anti-fraud tool launched in battle against 'cash-for-crash'
Esri UK today has launched a new geographic information system software tool to help combat insurance and banking fraud.
Insure The Box to tackle fraud through Ice
Telematics specialist Insure The Box is to use the ICE claims system to support its plans for future growth.
Motor Focus - Educating Policyholders: Education, education, education
Young motorists are unaware of how their driving behaviour affects the cost of cover. Nigel Bartram looks at what can be done to counter this.
Motor Focus - Fraud Unit: Opening Pandora's box
On the face of it, the suggestion of a police force funded by the industry to help fight fraud seems reasonable. However, Robin Reames examines if going down this path is really the right way forward.
First 70 brokers join Zurich Elite 100 club
Zurich has established a club for its top 70 regional commercial brokers.
Motor Focus - Premium Challenges: Mauled by the media
After being pounded by the press for putting premiums up, Leigh Jackson looks at the future of motor insurance and asks whether policyholders could do more to help themselves.
Brokers call for harsher fraud deterrent
A large number of brokers believe there should be higher penalties for insurance fraud and a central database of fraudsters to help deter fraud, according to a new survey.
SFO announces plan to build closer ties with the City
The Serious Fraud office has announced plans to forge stronger ties to the City of London and to the City of London Police.