Munchables experiences a significant setback with a security breach, leading to a massive loss of assets, but recovers funds thanks to developer cooperation.
Florida combats aggressive insurance fraud schemes involving public adjusters and contractors, unveiling deceptive practices in the wake of natural disasters.
A Canton man, acting as an insurance adjuster, was sentenced to three years in prison for stealing $108,000 from a couple after their home was destroyed by fire.
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
A motorcyclist’s accident benefits claim was denied by the Ontario LAT, ruling he should have known his insurance obtained through dubious means was not valid.
AI is transforming insurance through on-demand policies, embedded coverage, personalized underwriting, and enhanced fraud detection, setting new standards for efficiency and security.
A compounding pharmacy fraud scheme in Alabama involving kickbacks for unnecessary medical services results in prison sentences and hefty restitution orders.
A sheriff in Nebraska pleads no contest to felony charge in insurance fraud case, agrees to surrender law enforcement license without facing jail time.
A Massachusetts couple faces charges for defrauding workers’ compensation insurers, the SBA, and their mortgage lender, potentially leading to decades in prison.
As drone technology advances, insurance companies leverage these tools for more accurate risk assessment, fraud reduction, and efficiency improvements, marking a significant shift in industry practices.