Frauds

Fracking Protestor convicted of Fraud

https://www.clickliverpool.com/news/33313-fracking-protestor-convicted-of-disability-benefit-fraud/#.XQVEpy56B4M.twitter 

Action Fraud is partnering with the Society of Ticket Agents and Retailers (STAR) to urge people to avoid fraud by taking more care when buying tickets for live events.

Three men have been jailed for carrying out a ‘crash for cash’ plan on a motorway slip road in Coventry.

Fraud is an ongoing headache for the insurance industry. The Association of British Insurers reported that the industry detected 113,000 dishonest insurance claims in 2017, equating to a value of £1.3bn. The total number of detected insurance frauds, which also accounts for practices such as lying when applying for cover or ‘ghost broking’, was over half a million at 562,000.

https://www.finextra.com/blogposting/17343/white-list---is-your-glass-half-full

We are a nation of property owners and a nation obsessed with owning property. Our home is our castle, it cannot be stolen from us – or so we think…

Gardai suspect tampering with identification passports and microchips of horses presented for slaughter.

https://www.expressandstar.com/news/uk-news/2019/06/06/suspected-horse-meat-fraud-probed-in-ireland/

The ever-prevalent threat of insurance fraud drives the industry’s continuous development of tools designed to counter such unscrupulous activities, but this can be an expensive business. Robyn Bainbridge investigates how the travel insurance industry is adapting its approach to effectively manage cost containment through fraud detection

https://www.itij.com/feature/containing-cost-fraud

British insurance giant Aviva, which is currently investigating 1,800 suspect liability claims, has seen a 20% increase in the value of fraudulent liability claims in 2018. These include bogus slip-and-trip accidents made against employer’s liability and public liability insurance policies.

https://www.insurancebusinessmag.com/uk/news/breaking-news/aviva-reports-20-rise-in-value-of-fraudulent-liability-claims-168749.aspx#.XPO8qRvuBN4.twitter

There’s no other way to put it: insurance companies aren’t doing enough to fight fraud. A fraud pandemic has spread across transactional industries, but a conspicuously high portion of this rise is attributed to the insurance industry: a huge 27% increase in fraudulent insurance claims between 2017 and 2018.

https://thefintechtimes.com/rising-fraud-forces/

Sussex residents are being reminded to stay alert to bogus phone callers and visitors - after 35 cases of courier fraud throughout May.