DOJ Sues Allstate’s National General for Allegedly Deceptive Insurance Practices
The U.S. alleges that National General Holdings Corp. improperly force-placed insurance on vehicles financed through Wells Fargo for over a decade, causing financial harm to borrowers.
July 26, 2024
Auto
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Arizona
California
Delaware
Missouri
New Hampshire
Suburban Woman Denies $1.8M Fraud Allegations in Medical Equipment Billing Case
An Illinois office manager pleaded not guilty to federal charges accusing her of fraudulently billing over $1.8 million to insurers for medical equipment never provided to cancer survivors.
July 24, 2024
Fraud
Insurance Industry
Life & Health
Litigation
Illinois
Trucker’s Wife Avoids Second Prison Term in Workers’ Compensation Fraud Case
Frances Hall, previously convicted of murdering her husband, avoids a second prison term after pleading guilty in a $9 million workers’ compensation fraud scheme.
July 24, 2024
Fraud
Insurance Industry
Litigation
Workers' Compensation
Texas
Maryland Woman Indicted for Felony Insurance Fraud and Theft
A Maryland woman faces felony insurance fraud and theft charges after allegedly submitting fraudulent claims totaling over $180,000 to USAA.
July 23, 2024
Fraud
Insurance Industry
Litigation
Property
Maryland
Two Russian Nationals Plead Guilty in LockBit Ransomware Case
Ruslan Astamirov and Mikhail Vasiliev admitted their roles in deploying the LockBit ransomware, leading to over 2,500 attacks and $500 million in ransom payments, marking a significant step in combating the notorious hacking group.
July 22, 2024
Fraud
Litigation
Technology
Arizona
Florida
New Jersey
Virginia
Balancing Technology and Human Touch in Insurance Fraud Detection
Technology aids in spotting insurance fraud, but human expertise remains crucial to ensure accuracy and maintain consumer trust.
July 22, 2024
Fraud
Insurance Industry
Risk Management
Technology
Pennsylvania Dental Office Employee Admits to Stealing $35,000
An administrative assistant admitted to stealing over $35,000 from an Adams County dentist’s office, forging insurance claims, and depositing checks into her personal account, according to court documents.
July 19, 2024
Fraud
Insurance Industry
Litigation
Risk Management
Pennsylvania
Auto Theft in Canada Drops 17% in 2024
Auto theft in Canada has decreased by 17% in the first half of 2024, thanks to increased border patrols, police collaboration, and government actions, a report finds.
July 19, 2024
Auto
Fraud
Legislation & Regulation
Risk Management
Disney’s 1.1 TB Slack Data Breach Exposed by Hackers
Hackers claim to have stolen and leaked over a terabyte of Disney’s internal Slack messages and files.
July 19, 2024
Fraud
Insurance Industry
Litigation
Technology
Adjusters Reveal Their Wildest Claims: From Zoo Giraffes to Ancient Burial Grounds
From a dead giraffe in a zoo to discovering an ancient burial ground, insurance adjusters share their most bizarre and unexpected claims in a fascinating Reddit thread. These stories range from the humorous to the eerie, offering a unique glimpse into the unpredictable world of insurance.
July 16, 2024
Fraud
Litigation
Property
Weird
Florida
Missouri
Oklahoma
AT&T Pays Hacker $370,000 to Delete Stolen Customer Data
AT&T paid a hacker $370,000 to delete stolen call and text records of millions of customers. The hacker, part of the ShinyHunters group, claims to have wiped the only complete dataset, but some risks remain.
July 15, 2024
Fraud
Litigation
Risk Management
Technology
Insurers Gained $50 Billion From Medicare for Untreated Diseases
Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Arizona
Florida
Georgia
Massachusetts
Crypto Theft Surges: $1.38 Billion Stolen in Hacks and Exploits in First Half of 2024
In the first half of 2024, hackers stole $1.38 billion from cryptocurrency platforms, double the amount stolen in the same period in 2023, according to TRM Insights.
July 8, 2024
Fraud
Risk Management
Technology
Man Arrested for Roofing Scam Causing Nearly $20k in Damage
A Pennsylvania solicitor was arrested for an insurance fraud scheme that caused nearly $20k in roof damage to a homeowner’s property in 2023.
July 8, 2024
Fraud
Insurance Industry
Litigation
Property
Pennsylvania
AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims
Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8, 2024
Fraud
Insurance Industry
Technology
Workers' Compensation
California
Georgia
Massachusetts
Missouri
