Fraud
Ghost broking warning video launched
An animated video warning young motorists about being ripped off by fraudsters selling fake car insurance has been launched today.
Bust the ghost brokers, demands market
Brokers call for harsher penalties for fraudsters selling false insurance policies
Ghost broker handed three year prison sentence over Aston Midshires fraud
Jail terms handed down over ghost broking scam.
Ghost broker given suspended sentence
A West Yorkshire man has been given a 15-month jail term suspended for two years and a 12-month supervision order for posing as a ‘ghost broker’.
Expertise in Action: Technology: The tech threat
With mobile devices, cloud computing and social media playing an increasing role in business practice, how can the insurance industry manage the risks?
Birmingham claims handler jailed over car insurance fraud
A Birmingham insurance claims handler has been jailed for stealing more than £40,000 from his employer.
Expertise in Action: Technology: Open to attack
Despite several high-profile cyber attacks on major corporations, the insurance industry is still behind the times when it comes to cyber liability. How can it catch up?
Flash-for-crash warning for motorists
Accident investigation firm APU has warned motorists of a new tactic being employed by criminals running ‘crash for cash’ fraud rings.
Insurance claims handler jailed for £39,000 fraud
An insurance claims handler who stole £39,000 from his employer to settle pay-day loans and drug debts was jailed for 17 months at Cardiff Crown Court on 2 August 2013.
Zurich creates new roles in bid to help brokers battle fraud
Zurich has launched a dedicated policy validation unit and created two new roles to help brokers in identifying fraud.
FCA extends ban and fines former insurance broker £140,000
The Financial Conduct Authority (FCA) has banned and fined a former insurance broker £140,000.
FCA's £150,000 fine and ban for "reckless" broker upheld
The Financial Conduct Authority's (FCA) ban and £150,000 fine for "reckless" insurance broker director Andrew Jeffery has been upheld.
Willis counters business fraud threat with crime policy launch
Willis has reacted to the threat businesses face from fraud and other criminal activity with the launch of a new offering.
IFB investigating broker options
The Insurance Fraud Bureau (IFB) is investigating the possibility of building a bespoke broking fraud model, sister title Post has revealed.
Cash for crash group walk away with suspended sentences
A group of fraudsters who staged a stag party minibus crash and claimed £134,000 for "whiplash injuries" have walked free.
Expertise-in-Action: Claims Fraud - Fully equipped
How can insurers make sure intermediaries have all the tools they need to play their part in fraud prevention?
Former IFB and Groupama director joins Coversure
Former Insurance Fraud Bureau (IFB) and Groupama director Phil Bird has returned as a broker with Coversure.
Ghost broking pair jailed over £900,000 car insurance fraud
A couple has been jailed over convictions for insurance and tax fraud, following an investigation by HM Revenue and Customs (HMRC).
Axa urges brokers to support insurers in SME fraud fight
Insurance fraud among small business owners in Britain could be increasing the average claim value by £640, according to new research.
No IPO on the table at Hastings
Gary Hoffman, chief executive of Hastings Insurance Group, has reiterated that an IPO is not in the pipeline for the company as it posted soaring profits, although it could still be an option in the future.
Vet slapped with suspended jail term for £10,000 insurance con
A veterinary surgeon has been hit with a suspended jail term for conning an insurer out of almost £10,000.
Conman admits to selling false policies
A fraudster has pleaded guilty to selling hundreds of non-existent car insurance policies to UK drivers.
Covéa boosts fraud-fighting team
Covéa Insurance has appointed Steve Jackson as head of financial crime.
Teen ghost broker handed 12-month sentence
A teenager who tried to sell worthless vehicle insurance policies has been given a 12-month conditional discharge at City of London Magistrates.