Fraud News – Page 5
-
NewsLabour shortages and inflation bite for UK businesses – Bank of England
Economic struggle places the insurance market ‘in danger of sleep walking into a tsunami of fraud claims’, says group director of investigations
-
NewsMarkerstudy Group appoints new head of counter fraud
The new hire has over 20 years’ experience in fighting fraud within the insurance sector
-
NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
-
NewsTaxi driver pays £12,500 in damages after staged three vehicle crash
The savings associated with preventing the fraudulent claim, including legal costs, amount to £175,000, according to law firm
-
NewsMan jailed after using different identities to submit fake travel insurance claims
Aviva was one of six insurance companies impacted by the 27-year-old’s fraudulent activity
-
NewsInsurance becoming ‘ripe target’ for UK fraudsters as attempts up by 257% – TransUnion
Phishing was deemed the most common fraud scam
-
NewsFraudster jailed following exposure of bogus car insurance claims for collisions and theft
Discovering one instance of fraud triggered Aviva to submit another referral to the IFED, highlighting a false claim which was previously missed by the insurer
-
NewsAllianz Commercial prevents £36.8m worth of fraud in H1 2022
The insurer states that commercial linesis currently a hotbed for fraud, compared to personal lines
-
NewsCost of living pressures push uptick in fraudulent property claims – Zurich UK
Fraudsters submitting bogus claims ‘drives up the cost of premiums for everyone’, says detective chief inspector
-
NewsLV=GI secures IFB leader as new director of financial crime
The appointee has spent the last three years at the MIB in addition to leading the IFB
-
NewsFraudulent car insurance fronting grows by 170% between March and May 2022 - LV= GI
To avoid any legal trouble, brokers should help parents understand how to reduce their children’s motor premiums
-
NewsProperty disrepair claims present potential for ‘very significant costs’
These costs are also on a ’high growth trajectory’, says partner
-
NewsLondon-based fraudster duo sentenced to imprisonment following gross exaggeration
‘We hope that these sentences will deter would-be fraudsters’, says Allianz’s head of counter fraud
-
NewsRevealed: Claims Excellence Awards 2022 – winners and reaction
Amid the glitz and glamour of a Kensington-based ceremony, some firms took home multiple awards - was it you?
-
NewsBogus home insurance claims grew by 45% in 2021 – Aviva
Whiplash and ghost broking fraud continued last year, according to the insurer’s figures
-
NewsAnti-fraud focused OIC portal amendments are vital for the future
The current portal’s set up is a ‘fraudsters’ paradise’, says Carpenters Group director
-
NewsBackchat May 2022
An AI-inspired podcast, a fraudulent butcher, payouts following the sinking of the most luxurious ocean cruise liner ever built and lunching with a sporting star. What has the insurance industry been up to lately? You heard it here first…
-
NewsAlias fraudster sentenced to jail time as web of lies exposed
Insurers Aviva and Zurich are owed £58,000 in compensation for the claims
-
NewsNew OIC data could spell ‘significant number of claims’ for insurers
The data also raises ‘additional concerns’, says Carpenters Group director
-
NewsRevealed: Claims Excellence Awards finalists unveiled for 2022
In-person, claims-centric awards event is back this year with 20 prizes up for grabs
