New Bureau Ready to Tackle Insurance Crime

With insurance crime costing short-term insurance companies more than R2 billion a year and increasing, the industry was launching an Insurance Crime Bureau (ICB) to tackle fraud, Viviene Pearson, the stakeholder relations manager at the SA Insurance Association, said yesterday.

Pearson said that the bureau would curb escalating insurance fraud. "Among other things, we have noticed that when interest rates spike, insurance fraud also increases.

Law Calls Halt to Cruisy Lifestyle

An international manhunt involving a $100,000 yacht, a Mediterranean holiday and a Mercedes-Benz has ended with an Englishman facing criminal charges in New Zealand.

Mark Norfolk has been charged with four counts of money laundering, totaling $60,000, and was denied bail in the Auckland District Court last month because he was considered a flight risk.

Britons Underestimate Seriousness of Insurance Fraud

Exaggerating or lying on an insurance claim may seem like a sneaky but harmless way of making some extra cash, but the reality is that consumers are now more likely to get caught than before, and with increasingly serious consequences.

Insurer RSA’s latest fraud survey assessed how likely people are to lie when making a claim, together with general attitudes towards insurance fraud.

The survey revealed that 1.2million Britons did not view this type of fraud as a serious offense.