Springdale Business Sued Over Alleged Insurance Fraud Involving Arson
A Springdale company faces a lawsuit for allegedly setting their own building on fire to claim $700,000 in insurance money.
May 14, 2024
Fraud
Insurance Industry
Litigation
Property
Arkansas
Widespread Auto Insurance Fraud Uncovered by Southern California Task Force
A task force in Southern California has charged multiple individuals for their involvement in a complex auto insurance fraud scheme.
May 14, 2024
Auto
Fraud
Insurance Industry
Litigation
California
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
