Fraud
Insurance law firm targets growth
Insurance litigation firm Horwich Farrelly has outlined its plan to grow its fraud service.
Eleven charged with 'crash for cash plot'
Eleven people appeared in court on Monday (January 24) charged in connection with an alleged 'crash for cash' conspiracy.
Brokers unprepared for household fraud
A Legal & General report has found that the majority of brokers and advisers have no preventative processes in place for home insurance fraud.
Damage management - Winter freeze: Preparing for problems in the frozen pipeline
With property claims surging due to the recent cold snap, Rachel Gordon looks into the specific challenges thrown up by freezing conditions for those tasked with managing the damage.
ABI: over half of motor insurance buyers think 'fronting' is acceptable
Thousands of motorists are putting their motor insurance cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, such as motoring convictions, according to survey findings published today by the…
Florida a hot-spot for staged motor accidents
Florida’s chief financial officer has pledged to go after insurance fraudsters following seven arrests last week across two of the state’s cities.
Brownsword joins Digilog
The former executive chairman of Brownsword Group, David Brownsword, has joined fraud investigation business Digilog as its new chairman.
Director fined for ignoring fraud attempt
A former director of Surety Guarantee Consultants has been fined £25 000, after the Financial Service Authority found he had "turned a blind eye" to some colleagues' efforts to defraud two London market insurers out of more than £2m.
IFB and Met team up to tackle spectre of ghost broking
The Insurance Fraud Bureau has joined forces with the Metropolitan police to launch an education programme aimed at communities that have recently fallen foul of ghost broking activities.
Induced accidents are only small part of fraud problem
Policyholders staging or inventing road accidents to file fraudulent claims by far outstrip 'crash-for-cash' fraud — where an innocent policyholder is induced to collide with a fraudster's car, according to Keoghs.
MP plans 'dramatic changes' for motor
Road safety minister Mike Penning MP has vowed to step up government efforts to tackle the rising cost of motor insurance.
LMA outlines plans to cut motor costs
The Lloyd’s Market Association has outlined a range of recommendations to help reduce the cost of motor insurance at a Transport Select Committee meeting in the House of Commons.
IFB fraud adviser joins Groupama
Groupama Insurances has appointed Marc Yeates to the role of counter fraud claims adviser.
Hastings selects CRIF as counter fraud partner
Hastings Insurance Services has chosen CRIF as its counter fraud strategy partner for insurance policy applications.
Ghost broking arrest made
Officers from the Metropolitan Police yesterday, 5 January, arrested a 31-year-old man on suspicion of conspiracy to defraud and money laundering offences.
FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
Penny Black's insurance week
While Penny amused herself over the festive break by taking in David Hasselhoff in pantomime, Crawford UK and Ireland CEO Benedict Burke took in the more rarefied and cultural surrounding of the National Theatre to watch Alan Ayckbourn's Season's…
Broking focus - Bribery Act: On the right side of the law
London market brokers transacting across international boundaries need to revisit their risk and compliance provision in the face of draconian new UK bribery legislation, reports Ralph Savage.
View from the top: Ending whiplash woes
Whiplash claims are at the core of the spiralling cost of motor insurance and it is incumbent on insurers to get to grips with the problem.
Fraud - travel database: Share and share alike
Though shared services are seen as important cost-cutting tools, initiatives have often failed to deliver projected savings. Richard Barrett explains why this happens and how insurers can maximise their returns.
LV fraud consultant joins IFB
A consultant from LV’s financial crime unit has been seconded to the Insurance Fraud Bureau for six months.
ABI: household now the number one target for insurance fraudsters
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers.
FSA fines hit record high
The Financial Services Authority handed down a record-breaking £88.4m in fines in 2010 (to 20 December).
Legal update - professional negligence: A strong defence
The illegality principle may rear its head if a second dip of the recession takes hold and insolvency practitioners engage in civil claims. Tony Hill and Kate Thompson examine the issues professional negligence insurers face from this line of attack.