Lincoln’s MP Karl McCartney visited LV= to learn more about insurance fraud as part of his Industry and Parliament Trust (IPT) Fellowship.
The visit, which took place on Monday 16 November at the Leeds site, focused on the subject of insurance fraud. LV=, the UK’s largest friendly society and UK’s third largest car insurer, employs over 200 people in their office in Leeds which is made of two key teams: claims crime prevention and motor third party claims.
Mr McCartney met Martin Miliner, LV= General Insurance Claims Director, in order to understand how they try to prevent insurance fraud, which has been estimated to cost up to £1 billion a year to the UK economy. Mr McCartney was also shown the various operations that LV= have initiated in order to try to counteract this growing problem.
During his visit, Transport Select Committee Member, Mr McCartney, also talked to Fiona Bilcliff who leads LV=s claims farming and low speed impact division, which is something he will be looking to feed back to other members on the Committee.
Commenting on the visit, Mr McCartney said: “I thoroughly enjoyed my trip to LV=. They were wonderful hosts and provided me with lots of information about a sector I am extremely interested in learning more about.
“I was particularly interested to see how they dealt with the claims that were caused by drivers who they insure and I am sure today’s visit will be invaluable in helping me with my work in the House of Commons and on the Transport Select Committee .”
Lawrence Vousden, Head of Public Affairs, LV= added: “We were delighted to be able to host Karl today as he took a genuine interest in the work we do at LV= and the issues we face with insurance fraud. I am grateful to the IPT for facilitating the visit for us today, as maintaining a healthy relationship with Parliamentarians is essential for the success of our business and industry as a whole.”
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For further information, please contact Karl McCartney MP at firstname.lastname@example.org / 020 7219 7221.