IBC and CANATICS Join Forces To Help Insurers Fight Fraud
The Insurance Bureau of Canada (IBC) Board of Directors recently agreed to create an industry advisory group, to ensure a smooth transition of anti-fraud services to a single [...]
Fraud
Allianz Reports Good Progress on Fraud During 2019
Latest press info from Allianz, who are taking the fight to fraudsters and scammers; As in 2018, Motor continued to be the most common type of fraudulent claim received by [...]
Consultancy.Org Estimates UK Suffers Over £1Billion in Serious Fraud
The latest from the Consultancy.org website makes for grim reading within the insurance sector. Fraud is still increasing, and cyber attacks are growing in severity and [...]
Fraud: Fake Insurance Claim Wins Director a Suspended Sentence
A company director has been sentenced after he doctored a ‘Form of Acceptance’, which he’d used previously, in an attempt to bypass his policy’s claim limit and [...]
FCA Says Land Bank Fraud Victims Will Share £2.5m Compensation Fund
The Financial Conduct Authority (FCA) has obtained High Court approval for a scheme to return £2.5 million to compensate victims of a series of unauthorised collective [...]
IFB Tips & Advice for Avoiding Crash For Cash Fraudsters At Christmas
Christmas traffic can be the Road to Hell, as Chris Rea noted, but things can get even worse if you get ambushed by those scammers keen to stage a road accident. Here’s [...]
Fraud: Crash-For-Cash Gang Jailed, With IFED Help
On Monday 2 December 2019, four men were sentenced at Liverpool Crown Court after they committed a ‘crash for cash’ but couldn’t get their story straight. The City of [...]
Confiscation Order Following FCA Prosecution
A confiscation order of £291,070.36 was made against Mark Barry Starling in Southwark Crown Court. This confiscation order follows the FCA prosecution in which Mr Starling [...]