Mercury Unearths Fraudulent Smoke And Ash Damage Claims

Mercury Insurance’s special investigations unit has discovered fraudulent claims reported for smoke and ash damage all filed by the same public adjuster.
July 19, 2022 Fraud Property

Minnesota Farmer Is Accused Of Making $46M By Falsely Selling Crops As Organic

A Minnesota farmer is accused of making $46 million by passing off chemically treated corn and soybeans as organically grown.
July 13, 2022 Fraud

Social Engineering Attack Used To Hack Marriott Hotel Chain

Marriott International confirmed Tuesday that unknown criminal hackers broke into its computer networks and then attempted to extort the company, marking the latest in a string of successful cyberattacks against one of the world’s biggest hotel chains.
July 8, 2022 Fraud

Massive Insurance Fraudster Hit With New State Grand Jury Indictments

New South Carolina grand jury indictments have been filed against controversial insurance fraud attorney Alex Murdaugh and his alleged accomplice Curtis Eddie Smith. Murdaugh, 54, is currently in jail on a $7 million bond following more than 70 criminal charges including embezzlement, breach of trust, fraudulent intent, money laundering, computer crimes, and forgery.
July 1, 2022 Fraud South Carolina

Social Media Posts Reveal Bodybuilding Disability Claimant

A former electrician who was claiming benefits for a 2013 injury evidently forgot the internet era’s first rule of disability fraud -- don’t let anyone post anything about you on social media ever.
June 24, 2022 Fraud Workers' Compensation New York

Survey Reveals Massive US Identity Theft Scam Trend This Year

Americans are experiencing far more attempts to be scammed this year than in previous years, according to the first quarter report from Allstate Identity Protection (AIP). The spam people are receiving is coming from many different directions such as texts and calls.
June 23, 2022 Fraud

Coping With Inside And Outsider Fraud

While fraud has existed for as long as there have been companies, when changes occur in how an organization operates, new doors open for people inside and outside an organization to steal. Recent macroeconomic events involving supply chain slowdowns, flexible work arrangements and rising inflation have paved the way for a possible uptick in such crimes.
June 15, 2022 Fraud

The Battle Against Deepfake Threats

Some good news on the deepfake front: Computer scientists at the University of California have been able to detect manipulated facial expressions in deepfake videos with higher accuracy than current state-of-the-art methods.
June 1, 2022 Fraud Technology

Lawsuit Alleges Department Of Insurance Stalled Enforcement To Help Louisiana Commissioner’s Campaign

As a fraud investigator prepared to revoke the license of a Lafayette insurance agent and fine her $10,000, there was one final step before taking action: getting approval from Louisiana Insurance Commissioner Jim Donelon.
May 31, 2022 Fraud Insurance Industry Louisiana

Florida Legislators To Focus On Roof Claims, Litigation And Reinsurance During Special Session

Heading into a special session to address the state’s troubled property-insurance market, legislative leaders said late Friday they will focus on issues such as roof-damage claims, litigation and reinsurance.
May 23, 2022 Fraud Legislation & Regulation Litigation Property Florida

SC Insurance Lawsuit Cites Murdaugh’s ‘Depravity,’ New Details In Housekeeper’s Death

A lawsuit by the insurance company that paid off an allegedly bogus $3.8 million claim by lawyer Alex Murdaugh after the death of his housekeeper cites Murdaugh’s ‘depravity’ and alleges new details of an alleged scheme he cooked up with another lawyer and a banker.
May 13, 2022 Fraud Liability Litigation South Carolina

Man Used Face Mask To Frame Ex-Girlfriend In Arson Plot

A Clermont County man accused of creating an elaborate scheme to burn down his own house and frame his girlfriend will not face and jail or prison time.
May 2, 2022 Fraud Property Weird Ohio

The Cost Of Data Breaches In A Remote-Work World

A recent study by IBM and the Ponemon Institute quantifies the rising cost of data breaches as workers moved to remote environments during the coronavirus pandemic. According to the report, an average data breach in 2021 cost $4.24 million – up from $3.86 million in 2020. However, where remote work was a factor in causing the breach, the cost increased by $1.07 million.
April 27, 2022 Excess & Surplus Lines Fraud Liability Technology

Phishing, Smishing and Vishing -- Oh My! Don’t Leave Your Employees in the Dark

Phishing. Smishing. And vishing. Three ways hackers are targeting employees in an effort to infiltrate companies and gain access to sensitive information.
April 27, 2022 Education & Training Fraud

North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers

The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the U.S. Treasury Department said on Thursday.
April 18, 2022 Excess & Surplus Lines Fraud
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