Fraud News – Page 3
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NewsFraud on the rise as Aviva reports fake claims up 14% in 2024
‘Investment in advanced analytics, machine learning models and continuous training for our people has significantly improved our fraud detection rates,’ says counter fraud leader
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NewsCrash for cash scheme lands Bradford man in prison for two years
’Higgins thought he could take his insurer for a ride and defraud it out of a significant sum of money. Fraudulent claims like this push up the cost of insurance premiums for honest policyholders,’ says detective constable
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NewsCourt orders fake car insurance fraudsters to repay £376,000
’Ifed will use its full suite of options to make sure that fraudsters don’t benefit from their dishonest actions,’ says detective sergeant
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NewsSocial media ghost broking scams increase in 2024
’Falling for a ghost broker scam can have devastating consequences,’ says expert
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NewsFCA bans broker for fraud that led to client entering liquidation
The regulator said he was ’not a fit and proper person to perform regulated activities’
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NewsCharles Taylor launches new AI fraud detection tool
’The launch places us at the forefront of disrupting how insurance claims have historically been validated,’ says head
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NewsFraud attempts with deepfakes surge over last three years
’Fraudsters are using AI-based techniques that traditional systems can no longer fully detect,’ says chief product and marketing officer
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NewsAllianz detected £157.24m in fraudulent claims in 2024
’Insurance fraud is a serious problem that pushes up the cost of policies for honest consumers and adds to insurers’ costs,’ says director of fraud
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NewsHoliday hustler caught after £61,000 Covid scam
’His sentencing and upcoming confiscation proceedings demonstrate our commitment to bringing insurance fraudsters to justice,’ says detective constable
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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
