Fraud
Divided broker sentiment on Indy's fall from grace
As we mark the 10th anniversary of Independent going pop, two brokers divulge their personal and rather different experiences with the insurer.
Brokers warn that lessons not learnt from Independent
On the tenth anniversary of the demise of Independent Insurance brokers have expressed their fears that the insurance industry has not learnt from the insurer’s collapse.
Independent 10 years on - the second broker instalment
In our continuing coverage of broker reflection on the fall of Independent Insurance, Bluefin’s Stuart Reid and Tim Ryan of Ryan Insurance share their thoughts.
Independent 10 years on - the broker response
Ahead of the tenth anniversary of Independent Insurance going bust Insurance Age has canvassed opinion in the broker market asking what impact it had and whether the industry has learnt any lessons.
Brokers declare support for central database of fraudsters
The vast majority of brokers feel penalties for insurance fraud should be higher and a central database of fraudsters, used at point of sale, would help to deter fraud according to a survey by Groupama Insurances.
Broking success: Training to gain
Emmanuel Kenning speaks with a profitable, debt free start-up motor broker that is writing more than £50m a year, targeting 250,000 policies within 18 months and focusing on staff training and development
View from the summit
From recession to combating fraud, the Broker Summit provided much food for thought, writes Emmanuel Kenning
Management: extra protection
Managing risks for our customers plays a pivotal part in developing strong, long-term relationships, argues Ashwin Mistry, and the process will also drive sustained profitability for brokers and clients
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Brokers favour tighter home claims checks, according to Axa
Over one third of brokers (38%) said they believed people were more likely to exaggerate a claim than a year ago, according to research by Axa.
Five year fraud investigation results in 33 guilty pleas
A five year investigation by Bedfordshire Police into a major insurance fraud by an organised criminal enterprise based in Luton has concluded with three of the last four defendants being found guilty at Luton Crown Court.
Calls for ban on referral fees after car premiums rise 40%
The Association of British Insurers (ABI) has called for an immediate ban on referral fees following research from the AA showing that the average motor insurance premium has risen by 40% over the last year.
Car premiums up but leading indices show stall in rises
Two new surveys from the AA and Confused.com/Towers Watson have revealed a slow down in the ongoing rate rises in motor insurance premiums.
Claims firm shut down and stung with fine following organised fraud
An accident management company director has been hit with “huge” legal bill after his involvement in a string of fraudulent claims topping £200,000.
Regional round table - Bournemouth: Fraud focus
Our expert panel discusses how the Insurance Fraud Register and other developments in the market will impact brokers' attitude to fraud. Liz McMahon reports.
Select Committee polarises opinion
Results of inquiry into motor insurance costs backed by Biba – but ABI brands it a missed opportunity.
Concern over risk indicators in wake of ECJ gender ruling
The European Court of Justice’s (ECJ) decision to ban insurers from discriminating against gender has raised fears that other risk indicators, such as age, will also be taken into consideration.
Bribery Act looms as guidance is published
The director of Public Prosecutions (DPP) Keir Starmer QC, and the director of the Serious Fraud Office (SFO), Richard Alderman, have issued joint guidance for prosecutors on the Bribery Act 2010.
Man dealt one year prison sentence for personal injury fraud
A man who submitted an inflated £1.35m claim for damages for injuries in a car crash has been sentenced to one year’s imprisonment after the courts found him guilty of contempt of court.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
Opinion - accident management: a case of double standards
Clare Ryder tackles two topics that have been the subject of debate recently - deskilling and insurer use of accident management
Products/schemes: MFL scheme eases PI struggle for surveryors
McParland Finn (MFL) has launched a professional indemnity (PI) insurance scheme for Central Association of Agricultural Valuers (CAAV) member practices.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.