The MIB Helps to Uncover Car Insurance Fraud

Sunday, 24 February 2013

The MIB – that's the Motor Insurers' Bureau, not the Men in Black – has helped to secure a major insurance fraud conviction, after tipping off the Insurance Fraud Bureau (IFB) about a suspicious increase in complaints from motorists who had been duped by fraudulent car insurance policies.
Investigators found evidence of four fraudulent car insurance websites: Aston Midshires Insurance, First Car Direct Insurance, Astuto Insurance and Car Insurance Warehouse, which had been used to con around 600 people into taking out non-existent car insurance policies. Victims were even sent fake insurance certificates, so it wasn't until they were stopped by police whilst driving that they realised the fraud.

The man behind the websites, 42-year-old Danyal Buckharee, is reported to have pocketed over £550,000 from the scam, and was convicted at the Old Bailey earlier this month, bringing to a close the single biggest car insurance fraud investigation undertaken by the IFB in 2012.

Ben Fletcher, Head of Operations at the IFB, said: “Illegal insurance advisors con the public by offering cheap policies which ultimately prove too good to be true. Motorists are left driving on UK roads without valid insurance and are therefore unwittingly breaking the law.”

The MIB also took the opportunity to remind drivers that it's vital to choose a car insurance policy from a company that is an accredited member of the Motor Insurers' Bureau to avoid falling prey to such scams.

Whether you're shopping for insurance or any other financial product online, it's important to be vigilant to ensure that the website and organisation really are legitimate. To help you determine if a site is the real deal check to see whether:

• The company is authorised and regulated by the Financial Services Authority
• The site has a secure login address (indicated by a padlock symbol on your browser and https:// in the address bar)
• A business address and contact details are listed clearly on the site

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