The Louisiana Department of Insurance (LDI) has found evidence that McClenny, Moseley & Associates (MMA), a Houston-based law firm, engaged in an illegal insurance scheme involving Alabama-based Apex Roofing and Restoration.

Fouad Zeton, a restaurateur and former owner of a Lower Garden District mansion that has played host to a slew of New Orleans political fundraising events, is set to plead guilty to a federal wire fraud charge, court records show.

It’s a sign of the times at Tesla that I need to specify which issue is the moment of truth that I refer to in the headline. I’m not talking about the high-profile lawsuit that began last week into whether CEO Elon Musk owes damages to investors who bought stock in 2018 when he tweeted, falsely, that he had "funding secured" to take the company private.

The National Insurance Crime Bureau (NICB), together with the Coalition Against Insurance Fraud and the International Association of Special Investigation Units, has sent a joint letter to YouTube requesting the social media platform to take down all videos that provide ‘how to’ tutorials on carjacking Kia and Hyundai automobiles.

Louisiana State Police arrested an insurance adjuster Thursday on charges of pocketing more than $592,000 that he obtained on behalf of seven Hurricane Ida victims in Orleans, St. Charles, St. John the Baptist and Tangipahoa parishes.

Personal injury attorney, George Constantine, and orthopedic surgeon, Andrew Dowd, were convicted by a Manhattan federal jury on Friday, December 16, for knowingly profiting from a $31 million personal injury litigation scam.

In 2022, class action lawsuits, which can create crises for companies and organizations, set new records for the amount of settlements in product liability, consumer fraud, antitrust, and other cases. The total value of the settlements exceeded $63 billion.

As another year of the COVID-19 pandemic draws to an arduous close, consumers are feeling greater economic pressure in terms of inflation. Consequently, an unforeseen yet unsurprising byproduct has evolved: a fraudulent insurance epidemic, spurred by staged and fraudulent auto accidents.

Several adjusters recently told Florida’s House Commerce Committee that insurance carriers changed their estimates on damaged houses, which the committee chairman said should be investigated by the state attorney general since that’s an accusation of fraud.

A bright spot for small business insurers: Customer trust is on the rise. Fifty percent of small business owners trust their carriers more than they did pre-pandemic. That number jumps to 80% when the business owner has filed a claim

There’s no sugarcoating it: Insurance fraud hurts everyone. ‘As fraud is perpetrated, it increases claim costs, which increases overall risk, which increases premiums, which increases the cost of goods and services performed by the companies paying the premiums,’ said Jon Shifflett, AVP, investigative services, CIS, at AmTrust.

After checking email and reading articles or books, using social media sites is the third most popular activity on the Internet, and the second most popular on mobile devices.

Social media connects brands and businesses to their target audiences, driving greater awareness, revenue and loyalty. Among social media users, 86% follow brands and 57% are more likely to buy from those brands.

Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
Through this partnership, claims handlers will have the tools to spot forged documents to a level of forensic analysis that is impossible to detect with the human eye.

A Minnesota federal district court has held that a software company is entitled to coverage for losses related to diverted billing emails under its business interruption coverage, rejecting the insurer’s argument that the phrase ‘business operations’ in the insuring clause referred only to income-generating activities.