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EU Presses TikTok for Greater Measures Against Misinformation Spread

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

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

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

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

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

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

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

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

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 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

Florida Adjuster Arrested for $11M Fraud Scheme

Florida Adjuster Arrested for $11M Fraud Scheme

A Florida insurance claims adjuster was arrested late last month for allegedly running an $11.6 million auto insurance fraud scheme since December 2018, according to the Florida Department of Financial Services (DFS).
October 5, 2023 Fraud Florida

Woman Faces Fraud Charges After Racking Up More Than $1.5M in Fake Claims

Woman Faces Fraud Charges After Racking Up More Than $1.5M in Fake Claims

Ms. Conaway's first fraudulent invoice claimed she was hospitalized in Arizona and she received just over $10,000 in payment from the insurance company. After this apparent success, Ms. Conaway went on to file claims using forged invoices for hospitalizations in Florida and California.
October 5, 2023 Fraud Arizona California Florida

Judge’s Verdict: Trump’s Asset Inflation Unlawful

Judge’s Verdict: Trump’s Asset Inflation Unlawful

In a seminal ruling, Judge Arthur Engoron found that former President Donald Trump and his organization misled financial institutions, including insurance companies, by significantly inflating asset values and misrepresenting his net worth in official documents.
September 27, 2023 Fraud New York

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Four individuals, including two licensed public insurance adjusters, one unlicensed insurance adjuster, and a mold contractor, have been arrested on multiple felony charges for their alleged involvement in a scheme to defraud a 94-year-old woman and Citizens Insurance.
September 26, 2023 Fraud Property Florida

Dark Web’s WormGPT Assists Hackers in Phishing Attacks

Dark Web’s WormGPT Assists Hackers in Phishing Attacks

A ChatGPT-style tool designed to assist cybercriminals will let hackers develop sophisticated attacks on a significantly larger scale, researchers have warned.
September 19, 2023 Fraud Technology
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