Fraud
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.
IFR pilot crucial to fight against fraud
A successful pilot of the Insurance Fraud Register is vital in the fight to change perceptions that insurance fraud is victimless, an industry expert has stressed.
Fraud: cognitive questions test sees 51% success rate
Fraud investigation firm the Innovation Group has revealed that a partnership with a university psychology department has produced a 51% success rate in detecting home insurance claims.
Gangsters face premium hikes under police plan
Strathclyde Police has began revealing the names of gangland figures to insurance firms and life assurers, according to a report in the Herald.
GPs report surge in exaggerated personal injuries
The medical profession has witnessed a rise in patients exaggerating the extent of their injuries in order to claim personal injury compensation, research from LV has revealed.
IFB warns motorists over fronted policies
The Insurance Fraud Bureau has warned that any drivers found fronting their car insurance policies will be caught.
Markerstudy extends CRIF partnership to boost fraud prevention
In collaboration with Synectics Solutions, CRIF Decision Solutions has enhanced the fraud prevention platform utilised by the Markerstudy Group to provide a consolidated view of risk for any policy application or claim.
CL launches liability fraud unit
Cunningham Lindsey has set up a dedicated unit to tackle the increase in liability fraud.
Questgates wins Allianz contract
Allianz has awarded Questgates a long-term contract for the provision of motor fraud investigation services.
Legal update - effective surveillance: Surveillance strategies
Surveillance techniques are on the increase as a tool to prevent to fraud. Mark Wilcox reports on a recent case that highlights the need for such activities to be carried out by skilled professionals.
Law report: Time-barred case dismissed
This law report was contributed by national law firm Berrymans Lace Mawer.
Claims Club news: Under-25s are ill-informed
One in 20 drivers under the age of 25 does not know it is illegal to drive without insurance. That was one of the shock findings of a recent Which? survey shared by its insurance expert Dan Moore at the Claims Club last week.
Quartix supplies Coverbox with pay as you drive telematics systems
Vehicle tracking providers, Quartix, have signed a contract with Coverbox, which is expected to take delivery of 1200 of the company’s latest tracking devices a month – a total of approximately 15 000 units over the first 12 months.
Zurich extends global fraud initiative to include general insurance
Detica has announced that Zurich Insurance has extended the global implementation of its Detica Net Reveal solution to include its general insurance business.
Towers Watson: Motor insurance model needs to change
Conditions in the UK and European motor insurance market are so difficult that many insurers will have trouble gaining profitability unless a new business model can be developed.
Mortgage fraud - Regulation: Safe as houses?
Concern at the scale of professional negligence in the mortgage industry has prompted renewed focus on regulation. But will these efforts succeed in stamping out fraud, asks Jennifer Bates.
Hill Dickinson hires new associate
Hill Dickinson has expanded its fraud unit with the appointment of Deirdre McGeown as associate.
Post Europe: Multi- jurisdictional directors
With increased consolidation of businesses across Europe, executives in multinational companies can be required to become directors in a variety of jurisdictions, and in many cases at short notice. Martin Mendelssohn and Tim Ingham highlight the…
Fire risks - Arson: Playing with fire
Arson is becoming an increasingly prominent problem, with 40% of all commercial fires being started deliberately. Catherine Dixon examines what can be done to make buildings more secure against this persistent threat.
Fraud trio to face court
A Ghost-broking trio charged with money laundering and insurance and tax fraud have been released on bail following an 18-month investigation.
Four sentenced for fraudulent insurance claims
A further four people have been sentenced for submitting fraudulent insurance claims following a minor collision in Old Trafford, Manchester.