fraud
Markerstudy Extends CRIF Partnership to Boost Fraud Prevention
CRIF Decision Solutions Ltd (CRIF), has worked with Synectics Solutions to enhance the fraud prevention platform utilised by the Markerstudy Group to provide a...
Justice : Drug companies in the U.S. to pay 421 million USD for price scam
Three pharmaceutical companies have agreed to pay 421 million dollars for reporting inflated drug prices to the US government, officials said Tuesday.
The Justice Department...
Ghost brokers : IFB reports 3 individuals charged with fraud
Today, the IFB reports, three individuals - a man and a woman from Kent and a man from West London have been charged with...
Short news : insurance fraud with a fake cancer
Robin Smith Lankford, 32, of Oak Ridge, Tenn. was sentenced Wednesday to serve 6 months in prison, followed by 6 months of home...
Short news : He faked his death in a car crash to claim £1.8m from insurance policies
A dentist accused of faking his own death to claim nearly £1.8million in life insurance appeared in court yesterday.
Neil McClaren, a Greek national who...
Fraud : professionals charged in connection with multi-million pound insurance fraud scam
The IFB today reports a further two individuals in the legal and medical professions have been charged as a part of an ongoing joint...
Car insurance : insurance rise driven by young drivers
Accident-prone young drivers and a surge in fraudulent claims are key factors behind the steep rise in motor insurance premiums which threaten to drive...
Study : Firms lose more to electronic than physical theft
Companies for the first time report they are losing more through electronic theft of data than physical stealing of assets, risk consultancy Kroll said...
Appointment : Andy Pagett new Groupama Insurances fraud manager
An insurance professional with over 28 years’ experience, Mr Pagett will be responsible for all aspects of Groupama’s counter fraud activities. He reports to...
Car insurance : fraud is responsible for rise in premiums
According to the Automobile Association insurance fraud is a major contributor to a 31% increase in car insurance premiums, over the past 12...
NY AG announces probe of life insurance industry
State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.
He...
United Kingdom: Rise in fraudulent insurance claims
Insurers uncovered a record £840 million worth of fraudulent claims in 2009, figures have shown.
A total of 122,000 insurance claims were rejected by the...
Car insurance premiums soar by 14%
The cost of car insurance soared by 14% during the second quarter as insurers raised their prices in a bid to return to profit,...
Stanford sues Lloyd’s of London for defense costs
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for defense...
Zurich UK discloses loss of data tape with customer information
The UK branch of Zurich Insurance plc (“Zurich UK”) announced today, that it has written to Zurich Private Clients, Zurich Special Risks and...
“Crash for cash” scammers earn an average of £16,000 per accident
"Crash for cash" scammers earn an average of £16,000 per "accident", according to the body set up to combat this type of fraud.
Richard Davies,...
Swiss insurer Zurich loses 51,000 British customers data
Zurich Financial Services said it had called in auditors KPMG to investigate after details of 51,000 British customers were lost at a data storage...
A quarter of Brits drivers break the law to cut costs
In this economic climate everyone is trying to save money wherever possible, but cutting costs on certain things can be dangerous, against the law...
Home insurance claims for fire continue to increase
Increasing numbers of home insurance claims are still arising due to incidences of fire, according to the Association of British Insurers (ABI).
The Financial Times...
Three men did the largest hacking with 130 million credit card details stolen
Three men were indicted on Monday for allegedly stealing more than 130 million credit and debit card numbers in what U.S. authorities said they...
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