Fraud Insurance Claims News (Page 19)

North Carolina Auto Shop Owner Charged with Multiple Frauds

A North Carolina auto shop owner faces serious charges including insurance fraud and car title application fraud, following a comprehensive investigation.

May 10, 2024 Auto Fraud Insurance Industry Legislation & Regulation North Carolina

Former NBA Player Glen Davis Sentenced in Health Care Fraud Scheme

Glen Davis, former NBA champion, is sentenced to 40 months for his involvement in defrauding the NBA Players’ Health and Welfare Plan.

May 10, 2024 Fraud Insurance Industry Life & Health Litigation

International Jewelry Thief Nabbed After High-Profile Heists in New York

After a series of audacious jewelry thefts spanning continents, Yaorong Wan’s criminal spree ends with an arrest in New York City.

May 9, 2024 Catastrophe Fraud Litigation Property California New Jersey New York

Scattered Spider Hackers Escalate Attacks on Financial and Insurance Sectors

Scattered Spider targets leading financial institutions and insurance companies, escalating cybersecurity threats with sophisticated phishing schemes.

May 9, 2024 Fraud Insurance Industry Technology

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida’s property/casualty insurance market, yet challenges remain for premium costs.

May 8, 2024 Catastrophe Fraud Legislation & Regulation Property Florida

Healthcare Sector Hit Hardest by Global Ransomware Attacks in Q1 2024

The first quarter of 2024 sees a significant uptick in ransomware attacks, especially on healthcare providers, amidst ongoing cybercriminal activities.

May 6, 2024 Fraud Life & Health Risk Management Technology

Biloxi City Councilman Admits to Illicit Drug Trade Through Vape Business

A city councilman has pled guilty to distributing illegal substances disguised as CBD products through his vape shops.

May 6, 2024 Fraud Insurance Industry Legislation & Regulation Liability Mississippi North Carolina

Artificial Intelligence: A Double-Edged Sword in Car Insurance Claims

As AI technology evolves, its misuse in creating fraudulent car insurance claims is surging, posing new challenges for insurers.

May 6, 2024 Auto Fraud Insurance Industry Technology

Florida Man Sentenced in Major Counterfeit Cisco Equipment Scheme

A dual U.S.-Turkey citizen from Florida has been sentenced to over six years in prison for trafficking counterfeit Cisco products, endangering national security and public safety.

May 3, 2024 Fraud Insurance Industry Legislation & Regulation Technology Florida New Jersey Ohio

Miami Retirement Trust Files Lawsuit Against Globe Life for Alleged Misconduct

The City of Miami General Employees’ Retirement Trust has initiated a class action lawsuit against Globe Life, citing serious allegations of fraud and workplace misconduct.

May 3, 2024 Fraud Insurance Industry Litigation Florida Texas

Grand Jury Indicts Vendor for Alleged Large-Scale Insurance Fraud in Alabama

A vendor is facing charges for allegedly defrauding Montgomery city of over $400,000, with an indictment issued following an unrelated probe by the attorney general.

April 30, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management Alabama

Sacramento Business Owner Fined Over $687K for Workers’ Comp Fraud

Jorge Maldonado, owner of Pro-Care Building Maintenance, has been ordered to pay nearly $700,000 in restitution for underreporting employee numbers to reduce workers’ comp premiums.

April 29, 2024 Fraud Insurance Industry Legislation & Regulation Workers' Compensation California

Insurance Industry Leverages AI to Enhance Efficiency and Decision-Making

The insurance industry has rapidly adopted AI, enhancing operations across sales, underwriting, and risk management to optimize performance and profitability.

April 29, 2024 Fraud Insurance Industry Technology Underwriting