Increased fraud by rogue intermediaries says survey
The survey of insurers and brokers was carried out at a recent 'Rogue broking' seminar hosted by Pinsent Masons. The Seminar provided practical guidance to insurer and broker clients faced with responding to the emergency situation of an individual broker who may have diverted premiums to his own or his business' use, written unauthorised policies and exceeded the scope of his authority.
Garon Anthony, a lawyer in the Insurance Sector team at Pinsent Masons said: "The risk of fraud by 'rogue'
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