Fraud
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).
FSA dishes out £150,000 fine as it bans five for insurance fraud
The Financial Services Authority (FSA) has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150,000 for insurance fraud on one of these individuals and £50,000 on another.
Broker jailed for £1m fraud
Timothy Barker, formerly of Lloyd's broker Besso, has been jailed for three and a half years for tricking bosses into paying him extra money.
Four men sentenced for role in claims fraud
Two men have been sentenced to a total of 30 month’s imprisonment for defrauding insurance companies as part of Operation Flash, a joint effort between the Insurance Fraud Bureau (IFB) and Lancashire Constabulary.
Markerstudy joins IFIG board
Markerstudy Group has joined the board of the Insurance Fraud Investigators Group.
Polly C - the hottest insurance gossip
Since RSA began celebrating its 300th birthday, Polly has attended several of its soirees where its commemorative beer, brewed by Shepherd Neame, has been in copious supply. It was no different when she attended its launch of RSA online at the British…
Product launches: RSA introduces policy enhancements to fleet active offering
RSA has updated its Fleet Active offering and launched new Small Business Combined (SBC) and Yacht Alliance products.
The FSA sends signal of intent with broker fine and insurer bans
The Financial Services Authority (FSA) has fined a broker network director and banned three insurance professionals for a £2m fraud in its latest crackdown.
Allianz establishes specialist team to identify fraud
In what it claims is an insurance industry first, Allianz has established a specialist casualty claims validation team, which it predicts could identify up to £15m of fraud next year.
ABI reveals fraudulent claims cost more than £16m a week
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers (ABI).
BLG scoops Halliwells' insurance partners
Barlow Lyde & Gilbert (BLG) has bolstered its insurance practice with the former Halliwells partners joining the firm in Manchester.
News analysis: LV launches marketing tool
LV is launching a marketing and quote-engine tool for small and regional brokers called Proud, utilising South Essex Insurance Brokers' wholesaling arm's technical back-end.
Fraud pushes up motor premiums
Fraud is helping to push car insurance premiums up at their fastest-ever rate, according to the latest AA British Insurance Premium Index.