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News - Insurers act to crack big fraud-ring.

Europe Intelligence Wire

| June 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Post Magazine)

Byline: Tanya Powley.

One of the UK's biggest fraud-rings, believed to have scammed millions from the insurance industry from induced accidents, is currently being monitored.

A large north-west-based group, centred in Bolton and Bradford, has caught the attention of law firm Keoghs and around 15 insurers - including Royal Sun and Alliance. The alleged gang's main method involves induced accidents and targeting motorists - several sub-rings are also being monitored.

The insurers involved are directly co-ordinating activities regarding the operation. RSA counter-fraud manager John Beadle said he has known about the gang for around a year: "We're talking with the police at the moment and are taking action to ...

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