Police are now using the Proceeds of Crime Act to recover funds which were illegally obtained.
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
The fraudster had previously pleaded guilty in June this year to fraud by false representation, money laundering, forgery and to the offence of being an unauthorised broker.
Seven people were arrested following the operation by City of London Police.
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".
IFED warns of ghost brokers exploiting the pandemic, with fraudsters targeting victims on social media.
In the 29th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss the prevention, detection and prosecution of insurance fraud at a time of pandemic.
Police arrested a man yesterday (27 May) for selling fraudulent car cover and offering it to NHS workers at a discount.
Fraudster sold insurance to an organised crime gang in a move which is thought to have helped them avoid police ANPR checks.
Comparison site says young drivers aged 17 to 24 are most likely to fall victim to ghost broking.
With ghost broking back in the news, commissioning editor Laurence Eastham asks a panel of five experts what the industry can do to tackle the problem.
The Insurance Age team unpick the most recent and most popular stories.
The “prolific” scammer was caught after Hastings identified a number of incepted policies in 2016.
Iovation's John Marsden considers the tools available to combat the scourge of ghostbroking.
The executive managing director for commercial joins the editor and news editor to discuss the redundancies at Axa XL and Brexit.
Scammer was sentenced after setting up fake companies and buying fraudulent fleet policies worth £60,000.
The Insurance Fraud Bureau and The AA have warned of a sharp rise in fraudsters focusing on victims via sites like Twitter and Facebook.
Ifed says 17-24 year olds most likely to fall victim to fraudsters selling fake car insurance.
Siân Barton and Ida Axling discuss the most clicked on stories by brokers.
The fraudsters involved in the “elaborate” scam, which targeted minicab drivers, got suspended sentences and community service.
Certified forensic interviewer Chris Norris on how ghost brokers thrive on the internet and techniques to stop them.
Service also aimed at preventing fronting on motor quotes.
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