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Entries Tagged as 'Insurance Fraud'

UK ‘Compo Culture’ leads to increase in fraudulent claims

John Williams - Wednesday 07.04.10, 10:56am

The current recession in the UK is partly to blame for a huge increase in the number of fraudulent insurance claims being made against motor insurance policies according to a report by insurer LV=, whose findings are supported by 40% of solicitors across the country.
But a more deep rooted problem can be found in the [...]

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Tags: Insurance Fraud

Hastings Direct set up Anti Fraud Team

John Williams - Thursday 17.12.09, 12:39pm

One of the UK’s leading motor insurers are to set up an Anti Fraud Team that plans to reduce premiums being paid by honest customers by weeding out customers who are likely to make fraudulent claims.
Hastings Direct and sister brands, Renew, Insure and Likewise are investing in state of the art technology that will help [...]

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Tags: Insurance Fraud · Insurance News · Motor Insurance · Personal Injury

UK Insurance: Motor insurance premiums increase at fastest rate for 15 years

John Williams - Monday 26.10.09, 11:50am

Motor insurance has risen at it’s fastest pace in 15 years according to a report from the AA, with the rising cost of personal injury claims and insurance fraud having a major effect on the premiums that we pay.
The average premium quoted for comprehensive motor insurance rose by 5.6% in the last quarter up to [...]

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Tags: Insurance Fraud · Insurance News · Motor Insurance · Personal Injury

UK Insurance: Serial ‘crash for cash’ scammer jailed

John Williams - Wednesday 21.10.09, 13:08pm

A 24 year old man from Manchester has been jailed for his part in a massive ‘crash for cash‘ scam involving at least 93 car crashes in a period of three years.
Mohammed Patel charged other vehicle owners £500 a time to stage an accident which enabled the owners to claim for bogus damage from insurers [...]

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Tags: Insurance Fraud · Insurance News

UK Insurance: Cash for Crash motor insurance fraud, a step too far?

John Williams - Monday 12.10.09, 15:54pm

“Desperate times do often call for desperate measures, but surely this is a step too far for British motorists”
So says Steve Sweeney the head of insurance at MoneySuperMarket.com after revealing the results of research last week that showed that over one million drivers in the UK have considered deliberately crashing their vehicle to make a [...]

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Tags: Insurance Fraud · Insurance News · Motor Insurance

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