Fraud
InsurTech Futures: InMyBag uses tech to fight fraud
The appointed representative, which offers cover for mobile devices, is to partner with machine learning firm Featurespace to prevent fraud.
JLT launches “social engineering” fraud policy
Broker said move comes after demand for the cover from businesses.
Open GI offers fraud check for brokers
The software house has teamed up with Verisk Insurance Solutions on a vehicle fraud check system.
Three arrested in ghost broker raids
City of London Police arrested two men and a woman suspected of acting as unregistered insurance brokers.
Ex-LV employee and conspirator jailed for bribery offences
This is the first time IFED officers have had a successful conviction under the Bribery Act.
Ghost broker ordered to pay back £17,000
The fraudster has been given three months to pay money back or face jail.
Jailed ex-RSA claims handler ordered to pay £37,000 by court
Former employee had been sentenced in May to 10 months in prison for fraud.
Ghost broking costs victims £11.5m since 2012
Police say that since IFED was set up it has investigated 86 cases as it announces crackdown on ghost broking activity.
Brokers under threat from internal fraud
High profile cases show the need for better controls and importance of fidelity guarantee insurance
Brokers fear rise in premiums after “collateral lie” ruling
Supreme Court ruling could “make everybody’s job more difficult” warn claims experts
Ex-LV staffer and former claims management employee face bribery charges in court
IFED confirms it is the first time it has charged suspects under the Bribery Act.
Broking Break: Your top five of the week
The ongoing suffering of SSP users dominated the market news for another week. The issue almost pulled off a clean sweep of the top 5 most read but readers were also interested in the broker who pleaded guilty to stealing £273,000 from his former firm.
Playboy model and martial arts expert found guilty of making false insurance claim
Facebook photos were used as evidence at Wandsworth Crown Court.
ABI says insurers detected more than 130,000 fraudulent claims in 2015
Association highlights rise in dishonest liability insurance claims such as “slip and trip”.
Broker pleads guilty to £273,000 theft from company
Newspaper reports ex-broker will be sentenced on 26 September.
Broking Break: Your top five of the week
Criminal court cases led the way for reader interest this week coming in at top spot and third place respectively. Brokers were also introduced to new products, Zurich staff cuts and Towergate’s results.
Biba accountant jailed for fraud
Gurmukh Shehri was convicted of defrauding Biba of nearly £25,000 over three years.
Broker and partner jailed for defrauding Willis
Simon Higginson and Lee Willis were convicted of defrauding Willis of £1.7m over more than a decade.
‘Ghost broker’ given 21 month suspended jail term
London-based fraudster tried to make over £39,000 of personal injury claims.
Post-settlement evidence can be used to recover pay-outs
Supreme Court decides insurers can use evidence emerging after a settlement to recover pay-outs.
Fraudster sentenced for dishonest home insurance application
Father sentenced to 100 hours of community service after lying about son's criminal convictions.
Ex-Biba accountant pleads guilty of £24,000 fraud against trade body
Accountant may be facing jail after case at Old Bailey for stealing money from Biba.
Ex-Aviva employee sentenced for fraud
Customer manager in Scotland stole over £5,000.
Industry extends commitment to the Insurance Fraud Register
Funding for three more years has been pledged by the ABI.