AI’s Impact on Insurance: A Closer Look at Claims and Underwriting

Exploring the integration of AI in insurance, focusing on claims and underwriting, and its potential to redefine industry practices and profitability.
November 30, 2023 Fraud Insurance Industry Risk Management Technology

FTX Investors Target Sports Entities in Crypto Fraud Lawsuit

Major League Baseball, Formula 1, and Mercedes-Benz racing team face lawsuit for allegedly aiding FTX’s multi-billion-dollar crypto fraud.
November 29, 2023 Fraud Legislation & Regulation Litigation Risk Management

Florida Man Sentenced for Workers’ Compensation Insurance Fraud in Construction Industry

Ramon Paz of Lakeland, Florida, receives a 33-month federal prison sentence for orchestrating a workers’ compensation insurance fraud, impacting the construction sector.
November 21, 2023 Fraud Legislation & Regulation Liability Workers' Compensation Florida

Former Museum CEO Files Countersuit Over Basquiat Forgery Scandal in Florida

Amidst the forgery scandal involving Jean-Michel Basquiat paintings, the ex-CEO of a Florida museum countersues over allegations of wrongful termination and defamation.
November 17, 2023 Fraud Liability Litigation Property Florida

Vegas Casinos Hit by Major Cyberattacks: MGM and Caesars Face Severe Consequences

MGM Resorts and Caesars Entertainment face severe fallout from major cyberattacks, highlighting the critical importance of cybersecurity in today’s digital age.
November 17, 2023 Fraud Liability Risk Management Technology Nevada

EU Presses TikTok for Greater Measures Against Misinformation Spread

The European Union’s digital chief has commended TikTok for its recent initiatives to safeguard users but underscores the need for continued vigilance against the spread of illegal content and misinformation.
November 8, 2023 Fraud Legislation & Regulation Risk Management Technology

Florida Insurance Agent Charged in Major Fraud Case Involving Over $130K and Hurricane Ian Claims

A Palm Beach insurance agent’s arrest for fraud casts a shadow on the trust placed in industry professionals.
November 8, 2023 Catastrophe Fraud Liability Property Florida

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023 Auto Fraud Insurance Industry Litigation Colorado Minnesota New Jersey New York Oklahoma

Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology

By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023 Auto Fraud Insurance Industry Technology

Former Allstate Adjuster Faces Jail Time, Forfeits Assets Over Fraudulent Claims

Discover how a one-time reputable claims adjuster’s illicit actions led to a steep fall from grace, shedding light on the critical role of integrity in the claims industry.
October 24, 2023 Fraud Insurance Industry South Carolina West Virginia

California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners

Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation.
October 24, 2023 Fraud Liability Workers' Compensation California

Owner of California Biolab charged With Mislabeling, Lacking Permits

The Chinese owner of an unauthorized central California lab that fueled conspiracy theories about China and biological weapons has been arrested on charges of not obtaining the proper permits.
October 24, 2023 Fraud Legislation & Regulation Liability

Tree Service Owner Charged with Insurance Fraud, Denial of Workers’ Comp Benefits

‘Cases like this one are particularly egregious, employees were not only put at great risk, but they were denied their hard-earned wages,’ Ricardo Lara, California insurance commissioner, said in a release.
October 12, 2023 Fraud Workers' Compensation

Minnesota Contractor Pleads Guilty to Insurance Fraud After Nail Injures Employee’s Eye

Nelson Israel Lopez Giron, the owner of wood-framing firm Giron Construction, tried to claim the employee wasn’t his.
October 12, 2023 Fraud Workers' Compensation Minnesota

Sam Bankman-Fried Case Provides Lessons on Fraud and D&O Insurance

Sam Bankman-Fried’s criminal trial started this week; and on the same day, he sued one of his director & officer insurers. And a lot of people are asking, why? Is the timing a coincidence or on purpose? Shouldn’t he be focused on the criminal trial? The answer is: he is.
October 9, 2023 Fraud Insurance Industry Litigation
SOS Ladder AssistAspen Claims ServiceMid-America Catastrophe ServicesU.S. ForensicHouston Auto Appraisers