Fraud News – Page 4
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NewsSocial media fast becoming linchpin for ghost broking – Kennedys
’The intersection of influencer culture and online fraud presents a growing challenge for consumer protection,’ says partner and head of fraud
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NewsMLP launches new fraud prediction model for personal lines market
’Identifying potential fraud at quote stage could potentially save the industry millions of pounds,’ says chief executive
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NewsMan jailed after £100,000 crash for cash plot involving Aston Martin
’Cases like this demonstrate the greed of insurance fraudsters and the measures they will take for financial gain,’ says detective
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NewsLoss adjuster jailed after using stolen identities of relatives for insurance scam
’He thought he was being clever by creating an elaborate fraud deceiving his employers and insurance companies – but was ultimately discovered,’ says officer
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NewsDLG defeats siblings who tried to fraudulently claim over £450,000
’We are committed to ensuring those who attempt to make fraudulent claims against us are dealt with by the relevant authorities,’ says head
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NewsAxa defeats Google-spoofing advertiser
The policyholder ’fell for a realistic fraudulent Google ad and entered into a legal agreement he didn’t understand’, says operational manager
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NewsWhistleblower incentives could strengthen fraud detection – IEA
’Fraud is at epidemic levels and the system-wide response must change,’ says former UK government anti-fraud champion
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NewsFraudulent carpet fitter has rug pulled out from under him by Admiral and HF
’This result sends a clear message to anyone tempted to exaggerate their claims – it simply isn’t worth it,’ says partner and head at HF
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NewsInternational Fraud Awareness Week 2024 begins
Insurance Times rounds up the latest fraud content for readers as the week kicks off
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NewsPolice operation at Heathrow targets luxury watch fraud
’Luxury watch insurance fraud contributes to higher premiums and has serious consequences for buyers,’ says detective chief inspector
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NewsGym buff out-muscled by Markerstudy after dishonest claim
Within weeks of alleging injuries after an accident, the claimant was seen being able to pull an eight-tonne tractor
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NewsAviva secures jail time for fraudsters who targeted elderly driver
’Crash for cash schemes are still luring fraudsters, even at the expense of vulnerable motorists’ safety,’ says head
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NewsHome Office launches ‘major new crackdown’ on insurance fraud
’Fraud is an appalling crime and we are determined to crack down on these callous criminals,’ says government minister
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NewsIfig members vote to form UK chapter of international organisation as it celebrates 25th anniversary
’The insurance counter fraud industry now has a truly agnostic body that has the capability to collaborate across borders and world wide,’ says chair
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NewsInsurers detect £1.1bn worth of fraudulent claims in 2023
’Cracking down on fraud continues to be a top priority for our industry,’ says assistant director
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NewsGhost broker sentenced after Aviva investigation
’The outcome of this hearing should act as a deterrent to those seeking to financially profit from fraudulently arranging low cost motor insurance,’ says investigations manager
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NewsCrowdstrike IT outage could prompt ‘greater demand for cyber cover’
Cyber ’losses stemming from non-malicious causes’ are ’underserviced in the current market’, says head of London markets
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NewsShift from ‘greed to need’ drives fraud surge across personal and commercial lines – Allianz's Burge
’I see a shift from greed to need – people now feel they need to commit fraud,’ says head of counter fraud
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NewsMore needs to be done to tackle uptick in social media scams – Ifed
’Social media is increasingly used to facilitate fraud and target vulnerable individuals,’ says detective chief inspector
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NewsFraud in H1 2024 being driven by casualty and ‘large increase’ in commercial claims – Allianz
’There’s a dire need for us to keep raising awareness, because brokers are almost crying out for support [from insurers],’ says head of counter fraud
