A Salt Rock resident faces multiple felony charges after admitting to using more than $20,000 in workers’ comp benefits sent in error to his deceased relative’s account.
AI-powered multimodal tech is helping property and casualty insurers detect fraud more accurately across the claims cycle, potentially saving billions and lowering premium costs.
A McAllen, Texas escrow officer was sentenced to 24 months in prison for wire fraud after falsifying real estate documents and defrauding lenders and buyers of over $350,000.
Over 100 Amtrak employees joined forces with medical providers in a fraudulent health insurance scheme that cost the company more than $12 million, a new report finds.
While most U.S. insurers use technology to detect claims fraud, fewer are leveraging these tools for underwriting or internal fraud, a new survey reveals.
Organized cybercriminals, including foreign nation-state actors, are exploiting U.S. aid programs using stolen identities, with losses potentially nearing $1 trillion annually.
Prosecutors say a sophisticated criminal network used social media to resell 126 stolen cars in a multi-state operation that spanned from New York to Tennessee.
Allstate partners with the Chicago Quantum Exchange to explore how quantum computing could transform risk analysis, fraud detection, and customer service in insurance.
Sedgwick has adopted the Verint Trust Bot to speed up insurance claims processing and enhance fraud detection using patented behavioral analytics and explainable AI.
A federal judge in Florida ruled that Burger King must face a lawsuit accusing the company of falsely advertising the Whopper’s size and ingredients in promotional materials.
A man returning from overseas has been charged with murdering his wife during a 2020 kayaking trip after police linked over $1 million in life insurance claims to the death.
The FBI warns consumers about discount medical insurance scams that falsely promise savings but leave victims with unpaid medical bills and unauthorized charges.
Jatinderjeet ‘Jyoti’ Sihota will serve one year in prison for orchestrating a crop insurance fraud scheme that led to over $650,000 in fraudulent payouts in California.
California officials charged four people with felony conspiracy and unlawful referrals in a $14.5 million workers’ compensation fraud scheme targeting Spanish-speaking workers.
Property and casualty insurers can leverage AI-powered multimodal fraud detection to protect their bottom lines, lower costs for policyholders, and reduce fraudulent claims.