fraud
Counter fraud techniques shared with Poland
A delegation from the Polish Insurance Guarantee Fund (IGF) visited London today to learn more about the UK insurance industry’s pioneering fraud detection techniques.
Welcomed...
Three arrested after Groupama fraud investigation
Three individuals have been arrested on suspicion of selling fake Groupama insurance policies.
The arrests come after a six month long investigation led by Groupama....
RBS respond to £2.2 million fine
The RBS has responded to the FSA's £2.17 million fine on two of it's subsidiaries, saying they acknowledged their failings and are “disappointed” that...
Direct Line and Churchill cop £2.17 in fines
Direct Line and Churchill Insurance, both subsidiaries of the Royal Bank of Scotland, have copped £2.17 million in fines from the FSA for altering...
Motor insurance scam in UK
Hundreds of people are driving in Britain uninsured – and many of them don't even know it.
Aston Midshires Insurance, an internet based seemingly-legitimate insurance...
Fake injuries and fraud on the rise : GPs
Over half of UK doctors have noticed an increase in the amount of patients attempting to make fraudulent claims, LV car insurance reported.
60% of...
AA welcomes Transport Committe report
AA Insurance has welcomed a report by the Transport Committee today, following its inquiry into the cost of car insurance.
The report comes after Prime...
Reported fraud over £2 billion in 2011
More than £2 billion of fraud was reported last year, the largest amount ever according to the BDO's 2011 FraudTrack report.
This is a 50%...
Axa : One in ten have considered fraud
One in ten people in the UK say they have considered defrauding their insurer to ease the financial pressure of Christmas, a study from...
MIB : UK’s uninsured driving hotspots identified
The Motor Insurance Bureau reveals uninsured driving hotspots. Despite the overall drop in uninsured driving in the last five years, the rate of progress...
British watchdog hits Willis with record anti-bribery fine
Britain's financial watchdog on Thursday said it had fined British insurance broker Willis Limited nearly £7.0 million for failing to ensure payments to overseas...
China : government insurance companies guilty of defrauding more than three billion yuan
China's two leading state-owned insurance companies have been found guilty of defrauding more than three billion yuan ($455 milllion) in 2009, the country's national...
Insurance fraud adds an extra £44 to the average home insurance bill
New data from Legal & General reveals that over two-thirds of insurance industry intermediaries (69%) think that fraud is getting worse. The FraudStoppers Report...
Insurance fraud : Canoe man freed after serving just half his
John Darwin, the man who faked his death in a canoeing accident as part of a £680,000 insurance swindle, has been freed from jail.
He...
Metropolitan Police and IFB Disrupt Illegal Insurance Advisers
Officers from the Metropolitan Police yesterday, 5 January, arrested a 31-year-old man on suspicion of conspiracy to defraud and money laundering offences.
The Fraud Squad...
Hastings chose CRIF to support its counter fraud strategy
Hastings Insurance Services has joined the expanding insurance community serviced by CRIF Decision Solutions Ltd (CRIF), selecting CRIF to support its counter fraud strategy...
Insurance Fraud Bureau appoints LV= fraud consultant on secondment
The IFB today announced that Chris Lovett, a consultant from the LV= Financial Crime Unit, who has been with the company for three years,...
Home cheat home
Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every day says the...
Insurance frauds are costing £2.3m every day
Insurance companies are uncovering an average of 335 fraudulent claims every day, says a report. According to the Association of British Insurers, the claims,...
Insurance Fraud Bureau warns that insurers are clamping down on fronted insurance policies
The Insurance Fraud Bureau (IFB) reports its analysis has identified over 17,200 motor insurance policies displaying signs indicative of policy fronting. The IFB has...
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