Fraud
Man jailed after £2.3m insurance fraud attempt
A man who exaggerated his injuries and attempted to claim £2.3m in compensation has been jailed for four months by the Royal Courts of Justice after his deception was uncovered and he was found in contempt of court.
Products: Dual Corporate Risks launches fraud product
Dual Corporate Risks has launched Management Liability Plus designed to protect privately-owned companies, their directors, company pension funds and trustees from claims and losses incurred as a result of internal fraud.
Product roundup: ‘Tis the season to tackle cyber crime
While it may seem incongruous to raise such matters in the season of goodwill, this month’s products and schemes pages are dominated by cyber crime, fraud, litigation and a change at Biba’s oldest scheme as the association dispensed with Sterling’s…
Ghost brokers ripping off thousands of motorists
Thousands of drivers could be unknowingly uninsured after purchasing fraudulent or fake cover, according to a BBC report.
ABI sets out the top five motor insurance priorities
The Association of British Insurers (ABI) has highlighted the need to reduce young driver deaths and serious injuries as one of the five key priorities for the industry.
Brokers warned of rise in fraud after FSA bans broker
Brokers have been warned to ensure that proper internal controls are in place to tackle a rise in simple but potentially business-threatening fraud.
FSA bans and fines broker for insurance fraud
The Financial Services Authority (FSA) has fined John Folan £195,117 for insurance fraud and prohibited him from carrying on regulated financial services.
Autonet moves to fight fraud
Autonet has declared it will be fighting fraud by introducing identity checks at point of application for insurance.
Video: What the Papers Say
In the latest edition, Insurance Age editor Martin Friel is joined by Zurich's Keith Lewis and Insurance Age's Emmanuel Kenning.
Pet owners killing their pets for cash
Pet owners have been injuring or even killing their pets to secure insurance payouts as it emerged that dishonest claims on animal policies quadrupled last year.
Ten sentenced in crash for cash scam
Ten people have been sentenced after a three year investigation, led by Ageas, into a crash for cash conspiracy.
Nine arrests over crash for cash scam in Huddersfield
Eight men and one woman have been arrested by police in Kirklees as part of a major investigation into suspected fraud and money laundering offences.
LV wins case against personal injury fraudster
The High Court has found in favour of LV in a contempt of court case brought against a fraudulent personal injury claimant and her family.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.
IIL links up with CDL to fight fraud
CDL has confirmed that it is working with data provider Insurance Initiatives Limited (IIL) to launch an enriched data service, designed to aid accurate policy pricing by verifying consumer data.
Lloyd's backs ABI on compensation culture
Lloyd’s has announced its support for the Association of British Insurers’ (ABI) report on Tackling the Compensation Culture and warned that Britain should avoid going down the same path as the US.
ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
Top three crash for cash hotspots maintain position in Q2
The Insurance Fraud Bureau (IFB) has released its second quarter 2011 statistics pinpointing the top 20 areas of the UK affected by crash for cash activity.
Aviva fraudster jailed after pocketing staff bonuses
The head of key accounts management at Aviva’s York offices has been jailed for expenses fraud.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
What the Papers Say - August 2011
In this month's What the Papers say, senior reporter at Insurance Age Liz McMahon, is joined by fellow senior reporter Emmanuel Kenning to discuss the latest top topics in insurance with principal of Bellingham Communications Ben Welsh.
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.