Fraud News

I stock jail bars hands 620x413

Hotel owner sentenced for £400k fraud attempt

Hotel owner claimed disability benefits as well as income protection from Aviva, saying he couldn’t work due to depression

GettyImages-916441108

GoCompare becomes first aggregator to be named IFB member

The comparison site says it has access to tons of data which can help in the fight against fraud

bishop

Bishop jailed for ID theft of community members for insurance fraud

He knew details of one of the cars as he’d helped the person buy their vehicle

GettyImages-943012010

LV= to launch multiple AI fraud initiatives 'by the end of the year'

LV=’s director of fraud says the new platforms will enrich the responsibilities of staff, and even lead to more being brought in

GettyImages-1016779444

FCA launches task group to crack down on phoenixing

The FCA sat down with the FSCS, the FOS and other regulatory partners to discuss how to tackle the ongoing issue

Motor claims costs

Motorists becoming more comfortable with lying to insurers

But Lexis Nexis says telematics could be the key to educating customers and fighting back against fraud

blur-car-drive-451590

Young drivers worst for lying about their motor insurance

More than one quarter of drivers aged 18-34 think it is ok to intentionally damage or abandon a vehicle in order to claim for a total loss

GettyImages-157437685

Police officer convicted after fake motor theft claim

She lied about her personal car being stolen while serving in the Metropolitan Police

Fraud

IFED investigation leads to jail time for serial travel insurance fraudster

Fraudster used fake documents as he lied about cancelling a family holiday

GettyImages-926605864

Keoghs and LV= expose 'wicked' fraud ring targeting the elderly

LV= and Keoghs are bringing justice to fraud ring who targeted elderly insureds, the oldest being aged 102

More Fraud News

Fraud Analysis

GettyImages-936338884

Cyber is a reputational disaster waiting to happen - Mactavish CEO

Mactavish chief executive predicts a world where the reputation of cyber insurance “gets worse” if the placement remains “not good enough”

Ghost broker

Fraud Charter: Prevention is always better than cure

Educating consumers to stop seeing insurance as a grudge purchase would go some way to cutting fraud. But so too might be pointing out the consequences of a conviction

iStock-585767418

'Expect a major shift in fraud post-reforms,' former IFB boss warns

Jason Potter also predicts a “significant spike” in traditional fraud ahead of the implementation date next year

More Fraud Analysis