Fraud News – Page 6
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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
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NewsIFED makes seven arrests in latest fraud clampdown
The department anticipates that fraud is likely to increase due to the cost of living crisis and resumed foreign travel
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NewsPercayso Inform and Open GI extend data enrichment partnership
The extension ’represents a natural progression in our partnership’, says Percayso Inform’s managing director
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NewsPercayso Inform and mobile communications provider join forces to crack down on fraud
The partnership will be a ’valuable new tool’, according to Percayso’s managing director
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NewsCollaboration and leadership bolsters anti-fraud response – IFED
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, explains how the force is best suited to tackle fraud in its position as a National Lead Force
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NewsLabour shortages and inflation bite for UK businesses – Bank of England
Economic struggle places the insurance market ‘in danger of sleep walking into a tsunami of fraud claims’, says group director of investigations
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NewsMarkerstudy Group appoints new head of counter fraud
The new hire has over 20 years’ experience in fighting fraud within the insurance sector
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NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
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NewsTaxi driver pays £12,500 in damages after staged three vehicle crash
The savings associated with preventing the fraudulent claim, including legal costs, amount to £175,000, according to law firm
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NewsMan jailed after using different identities to submit fake travel insurance claims
Aviva was one of six insurance companies impacted by the 27-year-old’s fraudulent activity
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NewsInsurance becoming ‘ripe target’ for UK fraudsters as attempts up by 257% – TransUnion
Phishing was deemed the most common fraud scam
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NewsFraudster jailed following exposure of bogus car insurance claims for collisions and theft
Discovering one instance of fraud triggered Aviva to submit another referral to the IFED, highlighting a false claim which was previously missed by the insurer
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NewsAllianz Commercial prevents £36.8m worth of fraud in H1 2022
The insurer states that commercial linesis currently a hotbed for fraud, compared to personal lines
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NewsCost of living pressures push uptick in fraudulent property claims – Zurich UK
Fraudsters submitting bogus claims ‘drives up the cost of premiums for everyone’, says detective chief inspector
