Fraud
View from the summit
From recession to combating fraud, the Broker Summit provided much food for thought, writes Emmanuel Kenning
Management: extra protection
Managing risks for our customers plays a pivotal part in developing strong, long-term relationships, argues Ashwin Mistry, and the process will also drive sustained profitability for brokers and clients
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Brokers favour tighter home claims checks, according to Axa
Over one third of brokers (38%) said they believed people were more likely to exaggerate a claim than a year ago, according to research by Axa.
Five year fraud investigation results in 33 guilty pleas
A five year investigation by Bedfordshire Police into a major insurance fraud by an organised criminal enterprise based in Luton has concluded with three of the last four defendants being found guilty at Luton Crown Court.
Calls for ban on referral fees after car premiums rise 40%
The Association of British Insurers (ABI) has called for an immediate ban on referral fees following research from the AA showing that the average motor insurance premium has risen by 40% over the last year.
Car premiums up but leading indices show stall in rises
Two new surveys from the AA and Confused.com/Towers Watson have revealed a slow down in the ongoing rate rises in motor insurance premiums.
Claims firm shut down and stung with fine following organised fraud
An accident management company director has been hit with “huge” legal bill after his involvement in a string of fraudulent claims topping £200,000.
Regional round table - Bournemouth: Fraud focus
Our expert panel discusses how the Insurance Fraud Register and other developments in the market will impact brokers' attitude to fraud. Liz McMahon reports.
Select Committee polarises opinion
Results of inquiry into motor insurance costs backed by Biba – but ABI brands it a missed opportunity.
Concern over risk indicators in wake of ECJ gender ruling
The European Court of Justice’s (ECJ) decision to ban insurers from discriminating against gender has raised fears that other risk indicators, such as age, will also be taken into consideration.
Bribery Act looms as guidance is published
The director of Public Prosecutions (DPP) Keir Starmer QC, and the director of the Serious Fraud Office (SFO), Richard Alderman, have issued joint guidance for prosecutors on the Bribery Act 2010.
Man dealt one year prison sentence for personal injury fraud
A man who submitted an inflated £1.35m claim for damages for injuries in a car crash has been sentenced to one year’s imprisonment after the courts found him guilty of contempt of court.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
Opinion - accident management: a case of double standards
Clare Ryder tackles two topics that have been the subject of debate recently - deskilling and insurer use of accident management
Products/schemes: MFL scheme eases PI struggle for surveryors
McParland Finn (MFL) has launched a professional indemnity (PI) insurance scheme for Central Association of Agricultural Valuers (CAAV) member practices.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.
Agenda: KIC 2010 results and 2011 outlook
Letter to president Petrov Arverbeyev Kazakhstan Insurance Company
Your opinions: Brokers needed in fight against fraud
Insurance age welcomes your opinions via email, Linked In, the Broker Forum, Twitter and good old-fashioned letters. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email him, martin.friel…
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Fraud costs UK over £38bn each year, according to NFA report
The National Fraud Authority (NFA) has reported that fraud costs the UK over £38bn a year with insurance fraud accounting for £2.1bn.
Over half of motorists would not rule out 'fronting'
Thousands of motorists are putting their cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, according to a survey by Association of British Insurers (ABI).
Groupama appoints IFB analyst as counter fraud investigator
Groupama Insurances has appointed Marc Yeates in the role of counter fraud claims advisor.