Fraud News – Page 5
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NewsEcclesiastical detects more than £4m in false claims last year
’Our teams have been working hard to tackle this activity and help keep our premiums low,’ says claims director
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NewsCrash for cash gang caught after pocketing £320,000 in fake claims
’Crash for cash fraud doesn’t go unnoticed by the insurance industry or law enforcement and we will work collaboratively to root out organised crime,’ says detective sergeant
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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
