Louisiana Homeowners Targeted by Roofing Contractor in Alleged Insurance Fraud Scheme
A Louisiana couple was allegedly targeted by a fraudulent contractor who caused intentional roof damage, misrepresenting it as storm-related in an attempt to file an inflated insurance claim.
October 11, 2024
Fraud
Insurance Industry
Litigation
Property
Louisiana
AI-Powered Data Tools from Carpe Data Revolutionize Insurance Fraud Detection
Carpe Data uses AI and analytics to enhance fraud detection in insurance claims, reducing loss expenses, improving operational efficiency, and speeding up claims resolution.
October 4, 2024
Fraud
Insurance Industry
Technology
Workers' Compensation
California
Australian Woman Faces Prison After Faking Death for Insurance Payout
A woman in Australia pleaded guilty to fraud after faking her own death to claim over $718,000 in insurance funds. Despite elaborate efforts involving false documents and stolen identities, her scheme unraveled, leading to her arrest.
October 4, 2024
Fraud
Insurance Industry
Life & Health
Litigation
Tennessee Officials Warn of Post-Storm Contractor Scams
Tennessee ranks 16th in fraud, and state officials are urging residents impacted by Hurricane Helene to beware of contractor scams, advising them to verify contractor credentials and insurance.
October 4, 2024
Catastrophe
Fraud
Insurance Industry
Property
Tennessee
Digital Payment Trust Eroded by Cyber Scams Amid Growing Global Transactions
As digital payments grow globally, cyber scams are increasingly undermining trust in the system. Chubb’s survey reveals how fraud affects user confidence and how insurance can help restore it.
October 4, 2024
Fraud
Insurance Industry
Risk Management
Technology
Tennessee School District Duped Out of $3.4 Million in Curriculum Vendor Scam
A rural Tennessee school district was swindled out of over $3 million when a finance officer unknowingly wired funds to a fraudster impersonating a legitimate curriculum vendor, part of a growing wave of email scams targeting schools.
October 1, 2024
Education & Training
Fraud
Litigation
Technology
Arizona
Ohio
Tennessee
Texas
Florida Insurers Face Fraud Allegations as New Storm Claims Loom, CBS Highlights Adjusters’ Concerns
As Florida prepares for new storm-related claims, CBS News’ "60 Minutes" investigates allegations by adjusters that insurers manipulated damage estimates from Hurricane Ian to underpay policyholders.
October 1, 2024
Catastrophe
Fraud
Litigation
Property
Florida
Small Businesses Face Rising Threats from AI-Driven Scams
A survey reveals that a quarter of small business owners have been targeted by AI-generated scams, using tactics like email, voice, and video impersonation, exposing them to significant fraud risks.
October 1, 2024
Fraud
Insurance Industry
Risk Management
Technology
Strategies to Combat Insurance Fraud With AI and Specialized Training
Insurance companies are turning to AI-powered technology and enhanced training programs to combat increasingly sophisticated fraudulent claims, aiming to minimize financial losses and improve claims handling efficiency.
September 30, 2024
Education & Training
Fraud
Insurance Industry
Technology
Florida Homeowners Left Stunned by Altered Insurance Reports After Hurricane Ian
Florida homeowners, devastated by Hurricane Ian, discovered their insurance reports had been altered to significantly lower payouts. Whistleblowers claim widespread fraud, accusing multiple carriers of manipulating damage assessments.
September 30, 2024
Catastrophe
Fraud
Litigation
Property
Florida
Man Sentenced in $2.8 Million Sydney Jeweler Heist Insurance Fraud
Shanel Tofaeono has been sentenced to over four years in prison after pleading guilty to staging a fake robbery of a luxury Sydney jewelry store as part of a $2.8 million insurance fraud scheme.
September 25, 2024
Fraud
Insurance Industry
Liability
Litigation
Rising Elder Fraud Losses Highlight Need for Personal Cyber Insurance
As elder fraud losses soar past $3.4 billion, cybersecurity risks grow more complex. Personal cyber insurance offers broader protection, covering identity theft, online fraud, and other cybercrimes targeting vulnerable populations.
September 23, 2024
Fraud
Insurance Industry
Life & Health
Technology
Lawmakers Push for UI Fraud Prevention While Improving Equity and Access
In response to pandemic-era unemployment fraud, lawmakers propose solutions to improve fraud prevention and equity in UI systems, leveraging technology and data-sharing practices.
September 18, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Kentucky
New Jersey
Vermont
Fraud Trends and Prevention: Key Findings from RGA’s 2024 Global Claims Fraud Survey
The 2024 Global Claims Fraud Survey from RGA reveals persistent fraud challenges, with 74% of insurers reporting steady or rising fraud cases, emphasizing the need for enhanced detection and prevention measures.
September 16, 2024
Fraud
Insurance Industry
Life & Health
Technology
Florida Home Inspector Accused of Reusing Photos in 200+ Insurance Inspections, Costing $88,000
A Florida home inspector is accused of using identical stock photos in over 200 inspections, costing Citizens Property Insurance Corp. thousands in fraudulent premiums and reinspection costs.
September 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
Florida
