Fraud News – Page 16
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NewsRuling to put the brakes on runaway credit hire charges
Court judgement puts credit hire companies on notice that they will no longer be able run up huge sums by allowing claimants to use replacement vehicles for extreme periods
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NewsExpert calls for household cyber cover
A growing dependence on connected devices inside the home had created a demand which now needed to be met
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NewsBroker and underwriter data prime target for cyber crooks
The insurance sector remained an attractive target to both cyber criminals and cyber attacks by those engaged in espionage
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NewsFraudster jailed for attempt to scam Axa and other insurers
Serial scammer tried to rip off several insurers, as well as his own employer
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NewsGhost brokers targeting young drivers via social media
A month-long campaign has been launched to reduce the number of uninsured drivers on the road
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NewsNew research to fight against ‘crash for cash’ fraudsters
Differing damage patterns claims to show clear evidence of a genuine collision and a staged collision
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NewsAllianz posts improved fraud savings for H1 2019
Allianz’s fraud manager, James Burge hails a “fantastic result” after bringing the application and claims fraud teams together
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NewsFCA warns of Close Brothers clone
The regulator has warned of a clone charading as the premium finance provider
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsFCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Martin Milliner of LV= says CMCs have gotten away with unscrupulous activities “for too long”
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NewsFraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
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News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
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NewsPolice officer deemed fundamentally dishonest in holiday sickness fraud
The Nottinghamshire police officer claimed to have contracted food poisoning, but the evidence exposed flaws in her claim
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NewsDAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
With legislation coming in April 2020, DAC Beachcroft says fraudsters are looking more into bent metal claims
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NewsBLM and AXA win fundamental dishonesty case where 'injured' fraudster wasn't in the car
The fraudster wasn’t in the car when the collision occurred, but still claimed for injuries
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News‘Crash for cash’ scammers jailed for Markerstudy fraud
First time both fraudulent claimant and decoy driver jailed in such a case
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NewsShamed company director banned from running his business after fraud
The shamed businessman has been declared bankrupt after submitting false insurance claims
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NewsBrokers reveal biggest challenges to selling cyber cover
With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem
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NewsFraud Charter: ‘Help us stamp out bad CMCs’ – FCA’s plea to the industry
Frustrations peaked at the Insurance Times Fraud Charter last month over lack of communication from the Motor Insurers’ Bureau over the Litigants in Person portal, while the FCA updated the room about claims management company regulation
