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“Much the same, yet completely new.” This was the subtitle of BAE System’s report into ‘Insurance fraud trends in 2020’ and an effective summary of how the fraud landscape has changed.
There has been a grey area looming over personal injury claims, surrounding the issue of fundamental dishonesty. However, a High Court appeal victory for Allianz and Keoghs may have changed that.
An old fraudster – once dubbed “Champagne Charlie” by a judge – has been spared prison for his latest scam of offering corporate tickets for the Wimbledon tennis championships.
An increase in motor insurance fraud may be related to next year’s whiplash reforms, the Association of British Insurers (ABI) has suggested.
https://www.litigationfutures.com/news/motor-fraud-on-the-rise-in-anticipation-of-whiplash-reforms
POLICE have seen a new spike in "extremely convincing and manipulative" fraudsters pretending to be officers.
https://www.herefordtimes.com/news/18711091.police-warn-new-spike-extremely-convincing-fraud-calls/?ref=twtrec
There were 58,000 fraudulent motor insurance claims in 2019, a rise of six per cent on 2018’s figures
https://www.expressandstar.com/news/motors/2020/09/07/motor-insurance-fraud-up-six-per-cent-in-2019/
Savers' pension pots are more vulnerable since the introduction of the pension freedoms, while £54m of combined savings were targeted by scammers at 13 providers last year alone, the pair said on Monday (7 September).
Rebecca Conway, 40, of Craigmyle Street, submitted guilty pleas regarding two benefits claims over a period of more than a year.
Pension regulators should be given the power to override peoples statutory right to transfer should a suspected scam be reported to them, a think tank has said.
https://www.ftadviser.com/pensions/2020/09/07/calls-on-govt-to-change-transfer-rights-to-halt-scams/
Insurers uncovered 300 bogus insurance claims a day last year – the equivalent of one every five minutes – according to new figures. Data from the Association of British Insurers (ABI) shows 107,000 fraudulent insurance claims were uncovered by insurers in 2019, with values totalling £1.2 billion.
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