AI is transforming insurance fraud detection, with leading companies like State Farm, Ping An, and IBM developing cutting-edge algorithms to identify fraudulent claims and protect insurers.

Adjusters share bizarre and unsettling stories from the field, ranging from surreal encounters to harrowing situations that shed light on the unpredictable nature of their work.

The owner of multiple towing companies in San Francisco has been charged again with federal insurance fraud, involving staged crashes and fraudulent claims, just weeks after a similar case was filed.

The NYC Department of Consumer and Worker Protection (DCWP) has secured over $600,000 in restitution and civil penalties from R.G. Ortiz Funeral Homes for exploiting grieving consumers, particularly in Spanish-speaking communities.

Fanatics has amended its lawsuit against Cardinals receiver Marvin Harrison Jr., now accusing both him and his father, Hall of Famer Marvin Harrison Sr., of fraudulently inducing the company into an agreement that Harrison Jr. allegedly never intended to honor.

A Clearwater cybersecurity firm unknowingly hired a North Korean hacker who used a stolen American identity and collaborated with a U.S.-based laptop farm to infiltrate the company, highlighting the risks associated with remote hiring practices.

A Toronto resident has been arrested and faces more than 100 charges in connection with an extensive auto fraud and reVINing scheme. Police warn potential buyers to check vehicle history reports carefully.

A Visalia taco truck owner has been arrested for staging a robbery and arson in an attempt to defraud insurance companies. Surveillance footage and a linked accomplice led authorities to uncover the plot, resulting in charges of conspiracy, arson, and insurance fraud.

The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.

A breach at National Public Data has exposed 2.9 billion records, including names, addresses, and Social Security numbers, making it one of the largest data thefts ever reported.

William Oldham Mize, the mastermind behind a multimillion-dollar insurance fraud scheme involving staged accidents, pled guilty in Spokane Federal Court. The scheme spanned multiple states and involved numerous conspirators, resulting in over $6 million in fraudulent insurance claims.

Following Hurricane Debby, Florida’s CFO issued an emergency order extending the period for property owners to cancel contracts with public adjusters from 10 to 30 days and implementing new regulations for adjuster conduct.

Global insurtech financing rose 40% to $1.27 billion in Q2, largely driven by AI-focused investments, according to reinsurance broker Gallagher Re.

Austin Independent School District CFO has been placed on leave following an arrest on insurance fraud charges.

James Keating pleads guilty to defrauding Allied World Insurance Company of nearly $1.5 million. Keating, a former Assistant Vice President and surety bond claims handler, carried out the fraud while working for Allied World and later U.S. Fire Insurance Company.