Fraud News – Page 9
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NewsCrash for cash scams still ‘a strategic priority’ as lockdown offers organised fraud opportunity
Crash for cash fraud is ‘still alive and well’ despite the Covid-19 pandemic meaning Brits are driving less, said expert industry panel
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NewsCarpenters Group calls on government as Google ad spoofing still an issue
The law firm has been in discussion with several government ministers about expanding the scope of the Online Safety Bill
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NewsBackchat June 2021
Crash for cash gang hotspots, charitable insurers and the insurance product people complained about most over lockdown. What has the insurance industry been up to this month? You heard it here first…
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NewsTaxi driver ordered to pay £42,310 following insurance fraud
A 53-year-old man has been working as a taxi driver, despite claiming that he was unable to work after sustaining injuries in a road traffic accident back in 2007
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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
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NewsGuidewire backs draft Online Safety Bill extension to include financial scams
Guidewire’s chief innovation officer says that cumulatively, financial scams risk the reputation of the industry
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NewsAviva uncovers escalating GI fraud by organised gangs and chancers
Insurance claims tainted with fraud amounted to more than £113m last year
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NewsTwo in three home insurance buyers manipulate truth to get cheaper cover
LexisNexis Risk Solutions’s senior claims manager says that home insurers need to ’tackle the common misconception that they actively try to avoid paying out claims’
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NewsCNA Hardy allegedly paid $40m to ransomware attackers
The firm said in a statement that the investigation is ongoing, but it has shared some information regarding the ransomware attack in March
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NewsClaims Excellence Awards finalist 2021 Q&A: SBS’ AI fraud claims bot leads to 24% increase in withdrawn claims
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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NewsClaims Excellence Awards finalist 2021 Q&A: Cazana’s Companion tool gives vehicle claims teams the ‘full picture’
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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NewsClaims Excellence Awards finalist 2021 Q&A: Horwich Farrelly’s counter-fraud program expected to save insurers £18m
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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NewsSide hustle spike causes motor claims concern - ThingCo
Delivery driving, in particular, carries a greater amount of risk than vehicles insured for social, domestic and pleasure purposes
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NewsFOIL weighs in on new regulatory framework for draft Online Safety Bill
Insurers should ’consider the application of the Bill to insured technology companies providing regulated services from outside the UK’
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NewsIFB inks landmark partnership with Shift Technology
The new system will be launched next year and will use artificial intelligence to mitigate the evolving fraud landscape
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NewsKatie Price’s ex-husband jailed over bogus car insurance claim
The insurer argued that he should be jailed for ’knowingly giving a false statement’
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NewsSpoof ‘click-to-dial’ ads for claims management companies rife
Insurers have been warning customers about the dangers of ‘click-to-dial’ spoof ads for years
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NewsAllianz reveals £65.8m worth of insurance fraud in 2020
Cavity wall insulation claims remain a heavy focus for fraudsters
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NewsWhiplash reform rules are ‘cumbersome’ and reflect ‘a big change coming’ – Sabre
The insurer’s chief executive further believes policyholders may not reap the expected premium discounts following the implementation of part one of the whiplash reforms this May
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News360Globalnet warns UK motor insurers of unforeseen data ‘quicksand’ from OIC portal
The insurtech has warned that free text data entry in the new Official Injury Claim portal could lead to insurers being overwhelmed by data
