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.

A live Twitter chat is being conducted on Thursday, Nov. 17, at 1 p.m., ET, as part of International Fraud Awareness Week, according to the Insurance Information Institute (Triple-I), one of the event’s participants.

A new initiative launched by insurance and tort reform groups is taking aim at assignment of benefits agreements for windshield repairs.

Kathryn Schweitzer worked recently in the yard in front of her small, yellow house in a North Port neighborhood where mildewing furniture, drywall and other personal belongings line the streets, the remains of destruction left behind by Hurricane Ian.
Schweitzer tries to shrug off the $8,000 she’s paid so far "just to get the walls back" in her flood-damaged home, because "if you can’t cry, you get to laugh."

The Justice Department on Wednesday announced what officials called the first national takedown of a criminal enterprise profiting from the rampant theft of catalytic converters. The scope of the car parts operation was huge: Officials said they will seek $545 million in forfeitures of cash, luxury cars and real estate.

A man linked to one of San Joaquin County’s largest-ever insurance fraud schemes reported a Mercedes-Benz found buried at his former home stolen in 1992 and collected tens of thousands of dollars in insurance on the vehicle, according to San Mateo County authorities.

Modern property and casualty claims system capabilities have evolved from legacy technology that simply tracks financials, claim notes, and documents, to fully data-driven processing engines that can connect to an array of ecosystem partners. Insurers now have faster access to new features and functions as solution providers migrate to cloud/Software-as-a-Service (SaaS) solutions.

The National Insurance Crime Bureau (NICB) has issued an advisory that policyholders should be on the lookout for scammers, as the number of insurance claims filed related to Hurricane Ian hits nearly half a million.

Wisconsin-based Acuity Insurance has reported an increased need for cyber liability insurance among both personal and business policyholders as cybercrime continues to grow. Between June 2021 and June 2022, Acuity Insurance saw cyber liability claims on its commercial insurance policies spike by more than 50%. For personal policies, Acuity reported a 90% increase in cyber claims in 2021 over 2020.

A key charge in the obstruction of justice trial arising from the infamous dossier on Donald Trump’s alleged ties to Russia was thrown out last Friday by a federal judge. Igor Danchenko is on trial charged with lying to the FBI about his role in creating the dossier. Here is why insurance fraud investigators should be very concerned.

Allstate Insurance recently published its quarterly Identity Fraud in Focus report, in which it surveyed 2,200 American adults and found that 17 percent of them had seen or been contacted by a suspicious job opportunity in 2022.

There are many reasons, or excuses, for ignoring insurance fraud, even among insurance professionals. ‘The special investigations unit (SIU) handles all that,’ or ‘Fraud is just inevitable, everyone does it,’ or, worse, ‘We can just pass the costs on through higher premiums.’

Nearly three dozen contractors with a criminal past have started a door-to-door campaign to Florida homes damaged by Hurricane Ian, according to the National Insurance Crime Bureau (NICB).

Ransomware hackers are experimenting with a new kind of attack that, instead of encrypting data, outright destroys it. The aim is to make it impossible for victims to retrieve their data if they don’t pay the ransom.