All Fraud articles
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Latest NewsGeneral insurance market faces ‘fundamental changes’ – EY’s Tony Sault
Tony Sault, EY’s head of general insurance, tells Insurance Times what challenges the insurance industry might face over the next few years following the fallout from the pandemic, the Supreme Court business interruption case and the FCA’s pricing review
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Latest News
Control systems are in cyber criminals’ crosshairs, warns report
The London market has been warned it needs to better understand the rising threat of cyber attacks to industrial and manufacturing facilities, as criminals switch their focus to find new ways to extort and disrupt businesses
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Latest News
Fraudster to be sentenced at Crown Court for failing to disclose information to broker
The 49-year-old man has been charged with ‘dishonestly failing to disclose information to make a gain for himself’
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Latest News
Cyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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Latest News
Insurers inadvertently fueling ransomware rise, warns former national cyber security chief
Insurers are covering ransom payments, which in turn helps the proliferation of cyber crime, says former NCSC chief
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News Analysis
Post-Grenfell surveyor PI challenges – opportunity or risk for insurance?
In the aftermath of the Grenfell Tower fire, the EWS1 form was created to address fire safety issues, however a lack of professional indemnity insurance for the surveyors that sign off this form has thrown another spanner in the works. Could finding a solution be a key opportunity for brokers ...
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Latest News
'One insurance scam per minute' during pandemic, warns IFB
Insurance fraudsters are using the pandemic to make money from unsuspecting consumers
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Latest News
LexisNexis Risk Solutions launches email address validation tool to combat application fraud
The tool is designed to streamline the quote process, free up insurer resources and assist with identifying fraudulent policies
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Features
Briefing: Insurers must be ‘mindful’ of recession-induced fraud
Insurance companies need to issue a war cry to customers, using transparent communications and fraud education to work together to stamp out Covid-linked fraud
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Latest News
Zurich manhole injury fraudsters jailed
Pair tried to defraud Zurich insurance after claiming they sustained injuries from falling down an open manhole
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News Analysis
Revealed: Insurance Times Awards 2020 – winners and reaction
Insurance Times was back again yesterday for the last of its virtual awards ceremonies of 2020 as it celebrated innovation and excellence across general insurance, did you make the cut?
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Latest News
FCA ‘still worried about’ poor behaviour by claims management companies
Industry experts notice a more aggressive approach from CMCs, including cold calling, but the FCA confirms it is looking to stamp out bad habits in this section of the insurance market
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Latest News
Increasing demand seen for personal cyber insurance
A fifth of survey respondents said they were interested in buying a cyber product
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Latest News
The Big Question December 2020: What challenges and opportunities do you expect for 2021?
At the end of a challenging year that included the FCA test case, the switch to remote working and ongoing problems in classes such as professional indemnity, all against the backdrop of the Covid-19 pandemic, Insurance Times asks the industry what obstacles and opportunities they foresee for the year ...
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Latest News
Reputation is ‘hidden’ claims cost insurers must mitigate
A customer’s bad claims experience and the overall reputation of the insurer can have a correlating impact on claims costs, agreed expert panel
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Latest News
Personal injury sector 'laying down arms' amid Covid crisis - LV=
The insurer’s GI claims director explained that collaboration has trumped the traditional adversity that typically reigns within the personal injury sector
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Latest News
Man jailed for half a year after ‘blatant’ fraud
Man made 22 exaggerate claims after a road traffic accident in 2014
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Latest News
Tesco Underwriting claims handler pleads guilty to fraud
The accused siphoned off claims payments into his own account, court heard
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Latest News
Window cleaner confesses to fundamental dishonesty over personal injury claim
Insurer Admiral teamed up with law firm DAC Beachcroft to investigate suspicious circumstances following a road traffic accident
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Features
Sedgwick advocates joint machine and human approach as false document fraud surges
The loss adjuster has seen an uptick in false document fraud during lockdown
