
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
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
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
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
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
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
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
'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
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'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
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
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
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
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
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



