Insurance news shows the mis-selling complaints in the U.K. continue

UK cyber Insurance industry News united kingdom

A recent report issued by the watchdog organization has revealed that banks will need to provide more in payouts. The Financial Ombudsman Service in the United Kingdom has now stated that the number of complaints that it has received with regards to the insurance news of the mis-selling scandal in the country have skyrocketed within the six months that ended in September. This has increased the odds that banks will be required to pay a higher amount for compensations. The Financial Ombudsman Service is the official watchdog that steps in…

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Insurance fraud news made when two men in Spain cut off their hands to collect

Insurance Fraud cut off hand

The scammers were nearly successful except that they did the damage too neatly and cleanly. Two men in Spain who were hoping to collect up to $3.1 million in insurance fraud, cut off their own hands in order to be able to make an dismemberment claim, but were caught because their amputations were performed too well. The men acted in two completely separate and unrelated incidents but each had a similar plan. Unfortunately, this type of instance of insurance fraud is growing in the country, as Spain continues to be…

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