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

Adjuster’s Strategy Forces Uncooperative Claimant to Comply

An insurance adjuster uses a debtor’s own words to return a wrecked truck to his driveway, forcing the claimant to finally cooperate.
July 2, 2024 Auto Fraud Insurance Industry Litigation

Survey Reveals 40% Would Consider Inflating Home Insurance Claims

A survey in Ireland and the UK by Aviva finds four in ten respondents might exaggerate home insurance claims for extra compensation, with a majority supporting stricter penalties for fraud.
July 1, 2024 Fraud Insurance Industry Property Risk Management

Nationwide $2.75 Billion Health Care Fraud Scheme Leads to 193 Charges

Nearly 200 individuals, including 13 from New Jersey, have been charged in a $2.75 billion health care fraud scheme that targeted Medicare, Medicaid, TRICARE, and private insurers.
July 1, 2024 Fraud Legislation & Regulation Life & Health Litigation New Jersey

Alameda County DA Sues Home Insurance Companies for Underinsuring Homes

The Alameda County District Attorney’s Consumer Justice Bureau has filed a lawsuit against several home insurance carriers in California, including Farmers Insurance Exchange.
June 17, 2024 Fraud Legislation & Regulation Litigation Property California

Gemini and NY Attorney General Reach $50M Settlement

Gemini has reached a $50 million settlement with the New York Attorney General’s office, resolving allegations of defrauding investors.
June 14, 2024 Fraud Legislation & Regulation Litigation Technology New York

Lawmakers Push for Unemployment Insurance Reforms After Pandemic Fraud

In response to massive fraud during the COVID-19 pandemic, U.S. lawmakers are advocating for reforms to restore confidence and integrity in the unemployment insurance program.
June 13, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management California Illinois

Texas Man Sentenced for $2 Million Unemployment Insurance Fraud

Frank Sherman of Garland, Texas, received a two-year prison sentence and must pay nearly $2.3 million in restitution for his involvement in an unemployment insurance fraud scheme.
June 13, 2024 Fraud Insurance Industry Legislation & Regulation Litigation California Nevada Texas

Missouri Doctor Settles Health Insurance Fraud for $1.2M

Dr. Nehal Modh and Progressive Pain Management in Festus, Missouri, agreed to a $1.2 million settlement for submitting false Medicare and Medicaid claims. Whistleblower awarded $177,707.
June 13, 2024 Fraud Legislation & Regulation Life & Health Litigation Missouri
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