Fraud News – Page 4
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NewsMoney-laundering fraudster acting as ghost broker pocketed over £300,000
Detective constable says fraudster ’had no regard for others’
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NewsAllianz Trade launches new cover to tackle rise in employee fraud
’Post pandemic economic uncertainty means businesses face a heightened risk of internal and external fraud,’ says chief executive
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NewsAviva and DACB find fraudsters are shifting approach to obstruct claims process
’The nature of fraud is changing,’ says head of claims counter fraud
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NewsBroker and law firm prevent over 1,000 fraudulent motor claims with ‘cradle-to-grave’ approach
’Finding new ways to beat the fraudster is not always about new systems or IT,’ says partner
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NewsWarning as bogus insurance claims rise
’Turning to crime to make some quick cash is never the answer,’ says detective chief inspector
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NewsLaw firm highlights how facial recognition technology landed fraudster with £51,000 bill
’[This] effectively demolished the claimant’s case,’ says legal director
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News‘Worrying’ shift in way fraud can be perpetrated
Experts discuss artificial intelligence during Insurance Times’ Fraud Charter
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NewsOpportunistic insurance fraud cases surge amid cost of living pressures
’Honest customers rightly expect insurers to clamp down on insurance fraud,’ says head of fraud and financial crime
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NewsInsurance Fraud Bureau can be ‘bigger and better than before’ with new strategy
’We can broaden our reach to help protect every insurer and their customers,’ says head of intelligence
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NewsZurich UK prevents more than £70m worth of fraudulent claims in 2022
’Turning to crime is never the answer,’ says detective chief inspector
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NewsGhost broker threat will require rethink on efforts to combat fraud – Markerstudy
‘We fully expect we will see an increase in fraud in the coming year,’ says head of counter fraud
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NewsLV=GI reports 60% year-on-year uptick in crash for cash linked personal injury claims
The increase in these claims stem from roads into Scotland, where the UK’s whiplash reform regulation does not apply, says the insurer
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NewsEcclesiastical detected over 130 fraudulent claims in 2022
Continuing to pursue untrue claims is ‘vitally important’ for keeping customers’ premium costs down, says claims director
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NewsCustomers’ short-term decision-making due to cost of living ‘should be a concern’ for sector
Insurer’s UKGI chief executive thinks equipping brokers with ‘the tools to have the right conversation with their clients’ is key to preventing SME underinsurance
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NewsFraud experts warn of worrying rise in physiotherapist-driven ‘prognosis creep’ on OIC portal
The time needed for claimants to provide medical reports has increased in some cases, raising the risk of fraud
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NewsRecession and cost of living crisis triggers ‘pandemic of fraud’ – Weightmans
Both financially vulnerable customers and organised criminals are behind the increase, says the firm
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NewsInsurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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NewsFirms see uptick in fraudulent instruction cyber losses – Beazley
Organisations that fail in good asset management will ‘inherently expose themselves’ to higher liability cyber breaches, says head of client experience
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NewsInsurance Times Awards 2022: CFC Underwriting ‘takes on cyber criminals on behalf of customers’
Tom Bennett, team leader of the cyber threat analysis team at CFC Underwriting, explains why the MGA believes it should win the Customer Champion of the Year - Insurer category at the 2022 Insurance Times Awards
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NewsMan found guilty of crash for cash fraud after fleeing the country
His sentencing follows his three accomplices being found guilty at trial last year
