We keep you up-to-date on emerging market issues and their impact on the insurance sector,
through a variety of publications, events and our leading market initiatives.
News And Events 23/02/2021
A 10 day trial has resulted in a sentence of nine months suspended for 18 months and 100 hours unpaid work in the community for Shajeel Malik, a fraudster who faked a road traffic accident, policyholder and company in order to facilitate a fraudulent claim.
In July’s blog, I identified differing types of late notified claims which have plagued insurers following COVID-19. However, insurers are now facing a fresh challenge in ‘the new normal’ from a specific type of whiplash claim arising out of minor road traffic accidents. These Coronaclaims or Lockdown Farmed Claims (LFCs) are submitted into the MOJ Portal and quickly followed with a medical report prepared remotely, taking advantage of MedCo temporarily lifting the ban on such examinations. They often arise out of innocuous accidents in car parks at low speed in which injury is unlikely.
News And Events 04/10/2019
The tenacious pursuit of a landmark Supreme Court ruling was recognised at last night’s Insurance Fraud Awards, with Keoghs and LV= collecting the Combatting Fraud – Collaboration of the Year award.
As Keoghs enforcements team recovered £1.8m for insurers over the last financial year, we take a look back at a number of cases which illustrate some of the lengths fraudsters will go to to avoid paying the penalty for their dishonesty.
News And Events 17/07/2017
Research carried out by Keoghs shows a sharp rise in fraudulent claims exploiting genuine accidents.
Client Alerts 02/06/2017 Scotland
The Civil Litigation (Expenses and Group Proceedings) (Scotland) Bill has been published today and it is widely as anticipated, of particular interest are the provisions relating to QOCS.