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insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009_02_01_archive.html

Britons see insurance fraud as more acceptable during recession. RSA survey reveals that at least 1.4 million Britons think that committing insurance fraud is more acceptable now than 12 months ago because of the challenging economic climate. 47 million Britons do not think making a false claim is wrong, one million more than nine months ago Only just over half of those surveyed strongly agree that lying on an insurance claim is wrong. John Beadle, Counter-Fraud Manager at RSA, said, "I am concerned that...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009/08/insurance-fraud.html

The number of people making fraudulent insurance claims is on the rise. However the major problem with this is that it pushes up the cost of insurance for everyone else. The medical profession is traditionally held in high regard but it too contains its sinners. A very exact picture has emerged from fraud-busters in South Africa, indicating that six per cent of bills submitted by doctors or hospitals for payment by insurance companies are wholly unjustified. One doctor claimed 21 times for inserting grom...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009_01_01_archive.html

Revellers recall fire horror. THAILAND Survivors have recalled how revellers shoved and trampled on screaming victims to escape the New Year fire at a packed Bangkok club, as police tried to piece together how about 60 people died. Newspapers carried harrowing accounts of the scenes of panic and fear inside the Santika nightclub in the Thai capital ’s popular Ekkamai district, where more than 200 people including three Australians were also injured in the blaze early Thursday. Early reports by police sug...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009/08/44-cost-to-us-all-of-fraud.html

163;44 cost to us all of fraud. INSURANCE fraud has soared to an estimated £1.9billion a year – adding £44 to the average household’s annual premiums, it was claimed today. Insurers think around £5.2million of fraudulent claims go undetected every day, 24 per cent more than two years ago, according to a poll by YouGov Financial Services. But they are also detecting more fraud, with claims worth £730million rejected last year, 30 per cent up on 2007. Insurance Fraud : Medical. Brokers fined $700,000.

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009/08/no-jail-to-british-grads.html

No Jail To British Grads. The two British law graduates facing trial in Brazil for charges of fraudulent insurance claims will not have to return to prison, a lawyer claimed today. Renato Tonini said he was confident that even if Shanti Andrews and Rebecca Turner were convicted, they would be able to serve their punishment without being sent to jail. The next step is the court appearance on Wednesday, where someone will read the charge to them in English.'. The pair were taken into custody at dawn last M...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009_08_01_archive.html

Hard times bite for Insurances fraud. Fake injuries, inflated car-repair bills and “fictitious” goods allegedly stolen in household thefts are among scams that insurance fraudsters perpetrate — and insurance fraud is rising again, largely because of the recession. Admiral, the FTSE 100 insurer that runs Confused.com, became the latest group to warn that it had seen a marked increase in fraudulent claims, including ones by criminal gangs, in the first half of the year. In the year’s first half, Admi...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009/08/fraud-tricks-revealed.html

The most recent scams revealed. The ABI's recent report on the cost of insurance fraud revealed that undetected fraudulent general insurance claims now totals £1.9bn a year. That's an increase of 24% from £1.6bn according to the figures. The ABI released details of some of the cheats exposed recently. They include:. A policyholder who claimed for the theft of DVDs that he said had been bought locally, despite the fact that they had yet to be released in the UK. 16% would not rule out making an exaggerate...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009_07_01_archive.html

ABI: Insurance fraud up 30% since 2007. Insurance fraud has increased 30% since 2007, the Association of British Insurers (ABI) is expected to confirm in a report this week. According to the Observer newspaper, the ABI will report that undetected fraudulent claims now cost an estimated £1.9 billion per year, compared to £1.6 billion two years ago. Despite rising fraud costs, the ABI claims progress is being made. 8220;Fronting is a common fraud and we would urge parents to avoid the practice as, if found...

insurance-issues.blogspot.com

Insurance Fraud Management

http://insurance-issues.blogspot.com/2009_06_01_archive.html

Cranberry Sports Store Owner Sentenced For Strip Mall Arson. PITTSBURGH - The business owner who paid a teen to set fire to his Cranberry Township sports store was sentenced Tuesday to five years in prison. Thomas Smith II, of Wheeling, W. Va., pleaded guilty in February to federal charges of arson and insurance fraud in connection with the fire at Cranberry Towne Center Plaza on Route 19. Http:/ www.thepittsburghchannel.com/. Officials say auto-insurance fraud rising during recession. Research by the Co...