Ransomware severity spiked, driving a 14% increase in claims, while AI contributed to rising business email compromise cases in the first half of 2024.

A former insurance agent from Mission Viejo has been convicted on 90 counts of insurance fraud, theft, and elder abuse after stealing nearly $200,000 in premium payments and leaving 32 clients without coverage.

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.

Carpe Data uses AI and analytics to enhance fraud detection in insurance claims, reducing loss expenses, improving operational efficiency, and speeding up claims resolution.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.