Live Insurance News

Auto insurance scam popping up throughout UK

August 20, 2013August 17, 2013 H. Cutner

Drivers are being cautioned about a new kind of fraud called “Flash and Crash” by the industry. Auto insurance industry officials in the United Kingdom are cautioning motorists regarding a new type of scam that has developed and that is becoming more widespread in the country, called “flash and crash”. The scam involves tricking drivers into thinking that a good Samaritan is helping them out. The way that the auto insurance scam functions is that the fraudsters wait for victims to start to drive out of parking lots, gas stations,…

Insurance fraud charges laid against ex-NFLer

August 5, 2013August 3, 2013 H. Cutner

Byron Frisch is now one of a group of four people who have been charged with this multimillion dollar scam. When four people were charged with having orchestrated a massive, $50 million insurance scam, it wasn’t long before it was revealed that former NFLer Byron Frisch was among them. The charges allege that the ex defensive lineman and his colleagues had been involved in an extensive wire and mail scam. Byron Frisch was a defensive lineman and he and his alleged partners in this scam have been charged with conspiracy…

How You Can Report Insurance Fraud

August 3, 2013April 21, 2014 Guest Author

Reporting insurance fraud is most likely one of the furthest things from your mind, as you go about your daily business. However, you may find yourself with a difficult choice to make if you are ever faced with the decision of whether to report a suspected fraudulent act. A consumer has the same responsibility as that of an insurance company to report fraud. It doesn’t matter whether the fraudulent behavior is committed by an individual toward a governmental insuring organization or if the fraud committed by the insurance company, itself.…

Insurance fraud scam in the UK to cost another £1 billion

July 23, 2013July 20, 2013 H. Cutner

Banks are now facing a massive bill to pay for millions of customers back for mis-sold products. Millions of customers throughout the United Kingdom who were mis-sold credit card theft policies will be receiving a portion of an insurance fraud compensation fund payout that currently totals £1 billion. The compensations will be issued to the qualifying customers over the next few months. Eligible customers for the insurance fraud compensation payout are from Barclays, HSBC, Nationwide, Santander, and NatWest. They will be receiving the payment that is due to them at…

Insurance fraud continues in Jamaica amid insurer fear

July 3, 2013July 1, 2013 H. Cutner

A senior police has said that insurers are too afraid to provide the information required to stop the scams. The lack of cooperation from insurers is now being blamed for the inability of police to be able to crack down on the personal injury insurance fraud that has exploded in Jamaica over the last few years. The senior official said that insurers have not been giving investigators data that would be required to pursue scammers. Senior Superintendant Radcliffe Lewis, the head of the police Traffic Division, explained that insurers have…