Fraud News – Page 12
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsAnti-fraud drive sees 400 insurance policies cancelled in Wales
The initiative has been running for two years
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NewsTwitter hack exposes potential for reputational harm
The confluence of Covid-19 and advanced social engineering techniques poses a growing threat - CyberCube
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NewsTwo-thirds of motor fleet managers say broker support is invaluable when making a claim
The research from insurer Allianz also found that more than half of the motor fleet managers polled believe they have been a victim of fraud
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NewsSam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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NewsFormer RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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NewsGerman fraudster jailed for two years after failed £6m insurance scam that amputated his left hand
The scammer let a train run over his left hand so that he could claim on numerous accident insurance policies
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NewsWoman who tried to scam thousands from insurer sentenced
Fraudster exaggerated the extent of her injuries following an accident
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NewsFraudster sentenced to 12 months for false £4,000 personal injury claim
Fitzhugh Stephenson said he was encouraged to submit a claim after receiving a call from a claims management company
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NewsInsurtech Sprout.ai invests in deep learning following $2.5m funding round
The insurtech aims to be the first to crack claims prediction using deep learning
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News'Ghost broker' arrested for attempting to defraud NHS workers
He is also suspected of advertising this dodgy car insurance services via social media
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NewsPhysiotherapist struck off after fraudulent personal injury claim from 13-year old minor
Further investigations revealed that the physiotherapist had been suspended from the HCPC register following a conviction
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NewsFraud Charter: Insurers preparing for Covid claims ‘explosion’
Claims management firms are gearing up to target coronavirus pay outs
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NewsFocus on fraud saves Sedgwick customers £35m
Commercial claims fraud was the largest component at £14.8m
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NewsCovid-19 boosts opportunistic insurance fraud, says BAE Systems
The firm’s counter fraud director believes fraudulent claims will ‘slip through the net’ amid the current public health and hygiene focus
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NewsFraudster pleads guilty after CCTV thwarts fake personal injury claim
If successful, the Welsh claimant would have fraudulently received a £6,680 pay out
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NewsPersonal injury solicitor struck off after favouring CMCs over clients
The culprit made multiple breaches and failed to act when concerns were raised by third party insurers and the Motor Insurers Bureau
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NewsCould Hastings’ long-term battle plan see fortunes turned this year?
Short-term pain for the insurer could end up in long-term gain if its strategies pay off
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NewsKennedys launches tool aimed at allowing insurance clients to self-serve claims
The new platform could save insurers and brokers time and money when getting legal advice as well as recovering written-off costs and helping underwrite future risk
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