In a new study, 35% of parents admit to "fronting" on car insurance policies for young drivers to save on rising premiums. Although common, fronting is illegal and can result in fines, policy cancellation, or criminal charges.

In 2024, hurricanes have left an estimated 347,000 vehicles with flood damage across the U.S., CARFAX reports. Experts caution that many may be resold, potentially concealing dangerous and costly water damage.

The latest LexisNexis "True Cost of Fraud" Study highlights increasing fraud costs in SNAP programs, emphasizing the impacts of EBT skimming, integrated eligibility systems, and operational delays on both staff and beneficiaries.

Ghost policies, a type of fraudulent workers’ comp coverage, are leaving businesses and employees exposed to high risks, especially in states where such policies remain legal.

A brazen insurance fraud attempt on a busy Queens highway was foiled by a dash cam, capturing every moment the scammers realized their scheme was being recorded—proof that a dash cam could save you from a costly setup.

Authorities in California have charged four individuals in a $100 million workers’ compensation fraud scheme involving illegal referrals, fraudulent billing, and medical providers, following a three-year investigation.

Florida’s Emergency Rule 69BER24-4 introduces stricter ethical guidelines and transparency requirements for all insurance adjusters, particularly impacting public adjusters, with the aim of reducing unethical practices in the claims process.

Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.

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.