North Carolina has experienced a significant increase in insurance fraud since the COVID-19 pandemic, with seniors being heavily targeted by scams. State officials are urging vigilance and reporting to combat the issue.
A recent TikTok hack compromised CNN’s account and targeted other high-profile users, including Paris Hilton. The security breach remains under investigation, with TikTok enhancing security measures to prevent future attacks.
Digital solutions can significantly enhance the claims experience, but there remains a gap between customer preferences and current industry practices.
At Carrier Management’s annual InsurTech Summit, Frank Giaoui of Optimalex Solutions and Shane Riedman of Verisk explored how artificial intelligence (AI) is revolutionizing property/casualty insurance claim processing.
The Delaware Superior Court’s recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.
Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.
Carrier Management’s June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.
Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
Fraud detection, historically reliant on human analysts, is being revolutionized by big data and advanced analytics, enabling automated and enhanced detection methods.
Doug Akerson of Munich Re discusses the challenges and innovations shaping the renewable energy sector, highlighting severe weather impacts and technological advancements.
A New Jersey court ruled that an Amazon driver’s workplace shooting injury was not compensable under workers’ compensation, citing the personal nature of the incident and lack of connection to employment.
A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.
Data breaches at Ticketmaster and Santander have been connected to attacks on cloud provider Snowflake, potentially indicating more widespread vulnerabilities that could impact other companies.
Join Medicare Fraud Prevention Week to learn and share actions to prevent fraud, errors, and abuse in Medicare. Running from June 3 through June 9, this event is hosted by the Administration for Community Living and the Senior Medicare Patrol (SMP).
