Fraud News – Page 13
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NewsFCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Martin Milliner of LV= says CMCs have gotten away with unscrupulous activities “for too long”
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NewsFraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
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News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
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NewsPolice officer deemed fundamentally dishonest in holiday sickness fraud
The Nottinghamshire police officer claimed to have contracted food poisoning, but the evidence exposed flaws in her claim
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NewsDAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
With legislation coming in April 2020, DAC Beachcroft says fraudsters are looking more into bent metal claims
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NewsBLM and AXA win fundamental dishonesty case where 'injured' fraudster wasn't in the car
The fraudster wasn’t in the car when the collision occurred, but still claimed for injuries
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News‘Crash for cash’ scammers jailed for Markerstudy fraud
First time both fraudulent claimant and decoy driver jailed in such a case
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NewsShamed company director banned from running his business after fraud
The shamed businessman has been declared bankrupt after submitting false insurance claims
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NewsBrokers reveal biggest challenges to selling cyber cover
With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem
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NewsFraud Charter: ‘Help us stamp out bad CMCs’ – FCA’s plea to the industry
Frustrations peaked at the Insurance Times Fraud Charter last month over lack of communication from the Motor Insurers’ Bureau over the Litigants in Person portal, while the FCA updated the room about claims management company regulation
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NewsFraudster trio sentenced for crash scheme on pregnant woman
Two siblings and their friend carried out £18k crash for cash scheme where the victim was a pregnant woman
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NewsRob Terry seeking £14.7m as he looks to sue Watchstone
Terry and Watchstone are already in a High Court battle, but Terry says his former employer “made false representations” over an oral indemnity
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NewsCCTV exposes jailed fraudster in bus crash scam
The fraudster claimed to be severely injured when a bus hit his car… except he wasn’t in it
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NewsMASS accuses MoJ of ‘cutting corners’ in whiplash portal development
In a letter sent to Rt Hon David Gauke MP, MASS says the MoJ is “cutting corners” and choosing “the worst option available” to meet a “politically driven deadline”
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NewsIFB fraud hub backed by 11 major insurers launches
11 major insurers have been given access to the Insurance Fraud Bureau’s new IFiHub as it looks to help fight the £2bn annual fraud cost
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NewsTrio jailed for £28k crash for cash whiplash fraud
The trio were travelling at 50mph on the motorway when they performed and emergency stop, causing a crash
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NewsValue of fraudulent claims drops by 11% – Aviva
Aviva detected 16,700 fraudulent applications for policies in 2018, an increase of 20% compared to 2017
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NewsUber chooses insurtech as insurance partner for its drivers
Uber partners with the start-up after finding drivers were having difficulties getting private hire vehicle insurance
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NewsHotel owner sentenced for £400k fraud attempt
Hotel owner claimed disability benefits as well as income protection from Aviva, saying he couldn’t work due to depression
