Tag Archives: CMCs

£570k fine issued against claims firm

Rock Law Ltd, based in Swansea, has been fined almost £570,000 for coercing clients into signing contracts, without giving them enough time to understand the terms and conditions before taking unauthorised payments. The record fine is the second to be issued in as many months by the regulator, based at the Ministry of Justice, and comes after the Government changed […]

Cash for crash gang to be sentenced

Six men are due to be sentenced over a multimillion-pound crash-for-cash scam. The men from London and Manchester attempted to defraud insurers out of around £5.6 million by setting up a claims management company, Herald Claims Limited, to file fraudulent or inflated insurance claims after a crash. The Metropolitan Police said they also recruited car owners who would be willing to hand […]

Liverpool remains UK PI claims capital

The Institute and Faculty of Actuaries’ (IFoA) annual report looking at third party injury (TPI) and third party damage (TPD) motor insurance claims shows Liverpool remains the third party personal injury claims capital of the UK, with 55 per cent of road accidents resulting in a claim. This compares to a national rate of just over 30 per cent. The […]

ABI calls for clampdown on rogue claims companies

The public continues to be plagued by nuisance calls or texts from companies encouraging them to claim for compensation, such as for personal injury, according to the ABI. Despite measures aimed at curbing their activities, nearly half of Briton’s say they have been contacted by one of these companies within the last week. The findings of an ABI commissioned survey […]

IFB respond to Budget 2015

The Insurance Fraud Bureau (IFB) has issued a statement following the announcement (on 8 July) in the ‘Emergency’ Budget, that there will be a cap on charges imposed by claims management companies. Ben Fletcher, director of the Insurance Fraud Bureau (IFB), said: ‘There are many genuine Claims Management Companies (CMCs) which provide a service for honest consumers and this must […]