Fraud
Groupama appoints IFB analyst as counter fraud investigator
Groupama Insurances has appointed Marc Yeates in the role of counter fraud claims advisor.
FSA fines and bans broker for part in fraud scheme
The Financial Services Authority (FSA) has fined an intermediary £25,000 and banned him from working in regulated financial services for his part in a scheme that defrauded insurers of more than £2m.
Number of fraudulent household insurance claims eclipsing motor, warns ABI
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers (ABI).
Interview: In perfect focus
With sharp intelligence, good humour and unique perspective, industry consultant Clare Ryder shares her thoughts with Martin Friel about where the market has been and where it needs to go next.
News review: November 2010
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
'Ghost brokers' charged with motor insurance fraud
Three individuals - a man and woman from Kent and a man from west London - have been charged with motor insurance fraud, tax fraud and money laundering with offences totalling £500,000.
Management clinic - regulation: Conditional compliance
A number of our procedures are not compliant but I see little value in doing anything about it now because the Financial Services Authority will soon be gone. What is the point?
The PB Interview - Laurent Matras: Through the storm
Laurent Matras, managing director at Groupama Insurances, tells Andrew Tjaardstra about the state of the insurance market and how he is working closely with brokers to give his firm a competitive advantage.
News round-up: Business continuity
According to research from the Business Continuity Institute on behalf of the Chartered Insurance Institute, insurance professionals need a more consistent message when promoting the benefits of business continuity plans.
Viewpoint: Time to put things right
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
Aggregators are criticised for their poor online security
Price comparison sites Confused.com and Comparethemarket.com have been accused of leaving the door open to criminals by sacrificing security in favour of ease of use.
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
UK personal motor market to remain unprofitable for further five years
The UK personal motor market will remain unprofitable until at least 2015, according to a new survey of leading UK insurers by Towers Watson.
Broker's balatant misuse of client money leads to FSA lifetime ban
The Financial Services Authority (FSA) slapped a lifetime ban on broker David Marriott after he used clients' funds to support his businesses and to finance bonuses, salary increases and new cars.
BLG expands following purchase of Halliwells' insurance arm
Due to the Halliwells acquisition, Barlow Lyde & Gilbert (BLG) has occupied a further four floors of its existing premises in Chancery Place, Manchester.
Groupama aims to boost brokers counter fraud activities with new hire
Andy Pagett has been appointed by Groupama Insurances as counter fraud manager. He joined Groupama from Fortis and reports to head of technical claims, Steve Caffrey.
News review: August
Axa Insurance customer experience director, Paul Meehan, expressed interest in filling the senior management vacancy in the company's commercial division.
Brokers urged to highlight risks of credit card fraud
The Forum of Private Business has called on brokers to ensure clients protect themselves when processing payments online.
IFB meeting expected to move CUE plans forward
The Insurance Fraud Bureau (IFB) is confident it will move a step closer to creating a Claims Underwriting Exchange (CUE) travel database following its latest member meeting.
MSL policy gets makeover
MSL Legal Expenses has revamped its legal expenses policy for businesses, which provides up to £50,000 financial protection for legal costs per claim.
Birmingham exposed as worst 'crash for cash' area
Birmingham has topped the Insurance Fraud Bureau's (IFB) top 20 league table of crash for cash hotspots in Q2 2010.
Record FSA fine prompts call for brokers to help tackle fraud
Brokers have been called on to do more to support the Financial Services Authority's (FSA) crackdown on fraudulent behaviour after the regulator imposed one of the largest ever fines on an individual.
Fraud blamed for record motor premium rise
Fraud is pushing car insurance premiums up faster than ever, according to AA Insurance.
Brokers fighting harder to get claims paid, says Biba
Brokers have to fight harder to get claims paid during the economic downturn due to stricter policy interpretations and anti fraud-systems by insurers, according to the British Insurance Brokers' Association (Biba).