11th October 2018 “Dangerous” fraudsters sentenced to 18 years after huge crash-for-cash scam

500 deliberate crashes Multi-million pound scam 80 fraudulently obtained driving licences and passports Mastermind on the run The criminal “mastermind” behind the multi-million pound cash-for-crash schemes is on the run and police are appealing for help to find him. Two fraudsters were sentenced yesterday to 18...

4th October 2018 Tesco Bank fined £16.4m by FCA for failures in 2016 cyber attack

The Financial Conduct Authority has fined Tesco Personal Finance plc £16,400,000 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber-attack.  The cyber-attack took place in November 2016. Cyber attackers exploited deficiencies in Tesco Bank’s design of...

4th October 2018 Cross border car insurance back to 1960’s with no deal Brexit

When the UK joined the then Common Market in 1973 it heralded new freedoms for business and private drivers crossing borders in Europe.  With Brexit, especially if negotiations end with no deal, Britain faces travel restrictions that go straight back to the 1960s which is...

4th October 2018 Insurance broker jailed for fraud

The woman exploited her role working in the insurance industry to make false medical claims She used the names of friends, family and herself to make 31 fraudulent claims, worth £142,334 In one claim, she pretended to have a daughter and lied that she’d suffered injuries at...

4th October 2018 Is Amazon moving into Insurance and Banking !!!!

Amazon has been moving into a number of different industries and markets for some time but they’ve now set their sights on insurance. In 2016 Amazon launched ‘Amazon Protect’, covering accidental damage, breakdown and theft. This year has seen reports they’ve started recruiting insurance professionals, possibly...

4th October 2018 Fake car insurance fraud- Police launch second phase of campaign

New figures from the City of London Police’s Insurance Fraud Enforcement Department (IFED) has revealed that 17-24 year olds are most likely to fall victim to fraudsters selling fake care insurance, also known as ‘ghost brokers’. From November 2014 – July 2018, the majority of reports...

4th October 2018 Whiplash fraudster guilty of contempt of court ordered to pay £48,000

Insurance law firm, Horwich Farrelly, working with insurer Aviva, have successfully secured a guilty conviction for a wealthy software engineer who claimed he was injured in a minor motor collision at a toll booth pay station. The case saw the claimant, Mr Randive, who was...

28th September 2018 Marine Trade Insurance

Material Damage There is a huge diversity of marine businesses that require insurance to cover their buildings, contents or stock from physical loss or damage. Public Liability Liability to third parties in the operation of your business. Most boatyards and marinas will require a minimum of £2- 5m...

28th September 2018 Who Needs Marine Insurance

From the Financial Ombudsman Service  technical resource Marine insurance overview This technical note covers some of the issues that arise in relation to complaints involving marine insurance policies. We set out some of the complaints we see most regularly - and our general approach when we consider whether the...