Fraud Aware Issue 3
Welcome to the third issue of Fraud AWARE. Twelve months post-Jackson, how is the industry handling and implementing the new rules? In this issue we discuss the delicate balance that is needed to fight fraud post-Jackson, specifically asking whether robust portal retention is inconsistent with effective fraud management. We also consider what the real meaning of ‘fundamental dishonesty’ is – are we any closer to understanding the term and how to tackle the issue in practice?
Following the successful event held in April, Fraser McAndry provides a summary of our credit hire fraud seminar. He also provides some food for thought when handling credit hire claims involving taxis and private hire vehicles, a subject often mentioned by our clients.
Also in this issue of Fraud AWARE, we learn about a surprising exemplary damages result where the judge used her own discretion to apply a wider interpretation of the assessment of exemplary damages by using the potential gain of the fraudsters as the starting point, rather than the actual losses incurred by the insurer.
Closing the issue, we finish with an article by Dene Rowe who peers into the world of fraud identification in this post-Jackson era and explains how the changes in this fast moving environment were the driving force behind Keoghs’ latest innovation, Advanced Data Analytics (ADA).
James Heath, Director of Counter-Fraud Strategy, discusses how the long term impact of the reforms on frequency of fraudulent claims remains unclear.
Client Alerts 16/05/2014
A year on from its introduction, do we really understand what fundamental dishonesty looks like? James Heath, Director of Counter-Fraud Strategy investigates.
Birmingham’s status as the UK’s biggest motor fraud hotspot has been confirmed in Keoghs' sixth annual Motor Fraud Index.
Client Alerts 16/05/2014
Dene Rowe, Director of Product Development peers into the world of fraud identification, highlighting how Keoghs' latest innovation, ADA, can help.
Elaine Ibbotson, Director of Complex Fraud, investigates claims for exemplary damages in the recent case of AXA Insurance (UK) Plc t/a Swiftcover v Goodwin & 8 Others.
Simon Winnard, Director of Healthcare Fraud, comments on the recent case of Dr Anthony Kaufman.
Director of Credit Hire Fraud, Fraser McAndry, discusses the impact the UK taxi industry is having on credit hire and credit hire fraud claims.
Following the successful event held in April, Fraser McAndry provides a summary of our credit hire fraud seminar.