Fraud
AIG and Gen Re convictions overturned
A US appeals court has overturned the fraud convictions of four former General Re executives and a former AIG official and has ordered a retrial.
Online insurer launches mobile wallet protection
Online mobile phone insurance specialists insurance2go.uk is claiming to be the first insurer to offer consumers protection for mobile wallet technology.
Keoghs reports 47% rise in fraud
Law firm Keoghs claims its counter-fraud team helped insurers in the UK avoid paying £100m to fraudulent claimants in its last financial year – a 47% increase on the previous year.
Insurers uncovered 9% more fraud in 2010, according to the ABI
Insurers uncovered 133 000 fraudulent insurance claims in 2010 - 2500 every week - up 9% on 2009.
Fraud - Statistical analysis: Protect yourself
As analysis reveals the shifting depths and demographics of insurance fraud, identity validation and verification must come to the fore, writes Nick Mothershaw.
Fraud - Household: Opportunity knocks
Household fraud is on the rise according to insurers. Callum Brodie attempts to find out why and what the industry can do to prevent it.
Postbox: Fraud problem underestimated
I am writing to address the comments in the last edition of Post from Simpson Millar partner Emma Costin 'Co-operative attacked over PI claims fraud focus' , who I believe is underestimating the growing issue of false personal injury claims.
Editor's comment: A disturbing pattern
No sooner have counter fraud managers applauded the industry's backing of an insurer-funded fraud police unit, than their vehicle theft counterparts are bracing themselves for going it alone in trying to tackle another criminal act.
Insurers incensed as stolen vehicle unit faces closure
Plans to axe the Metropolitan Police's stolen vehicle unit next year could lead to the insurance industry funding even more police initiatives, it has been warned.
Fraudsters jailed for £100 000 insurance scam
A team of fraudsters who attempted to cheat insurers out of £100 000 have been warned by a judge that a message "must go out" that people involved in large-scale insurance fraud will receive prison sentences.
2011 Fraud Awards Shortlist is announced
The shortlist for the 2011 Fraud Awards has now been revealed. This event, now in its 3rd year, recognises and rewards excellence across the market. The celebrations will take place on Wednesday 5 October.
Career development & CSR: Skills gap and reputational issues hindering recruitment
A shortage of insurance professionals with actuarial, claims and specialist liability underwriting skills is hampering the sector's development in the UK.
Postbox: Fraud unit funding not a floodgate
Your front page headline 'Insurers fear £9m fraud unit will prompt further cash calls' is somewhat alarmist.
Bogus death faker set for five-year jail sentence
A man who made a fraudulent claim of £520 000 to Ace Europe after faking his own death in Honduras could face up to five years in prison when he is sentenced within the fortnight.
NFU fraud manager jailed for £410 000 scam
NFU Mutual's financial crime manager has said the insurer has a "zero tolerance" stance against fraud, after one of its fraud managers was jailed for three years and four months after conning it out of £410 000 over six years.
Co-operative confirms dedication to GI market
Co-operative Financial Services has claimed general insurance remains "integral" to its business, after announcing plans to shed 750 jobs and sell off its life insurance business.
Surveillance case sentence just 'the tip of the iceberg'
A law firm that used surveillance footage to prove a man's claim of being left wheelchair-bound after a car accident with a Saga policyholder was fraudulent, has claimed the landmark case is "the tip of the iceberg".
Roundtable - Claims: The claims game
The expert panel at our recent roundtable on the claims process got their teeth into technology and staffing issues, how to tackle fraud and the impact of telematics. Leigh Jackson reports.
Editor's comment: Partners and crime
This week's insurance news theme could be the stuff of another unpublished Jane Austen novel — Partnership & Punishment — although it's doubtful the Bodleian would fork out another £1m for the privilege. Or perhaps with a title like that it's more…
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.