According to court documents, on September 23, 2020, Denis Vladmirovich Molla falsely reported to the Brooklyn Center Police Department that his camper had been intentionally set on fire. He claimed that he witnessed three unidentified individuals near his residence at the time of the incident, accompanied by an explosion.

Florida's Chief Financial Officer made an announcement regarding the arrest of Kiyuana Pasley, a former claim adjuster for Progressive Insurance. Pasley faces serious charges including one count of Organized Fraud, 11 counts of Insurance Fraud, and 11 counts of Grand Theft.

Houston law firm McClenny Moseley and Associates has been accused of a litany of questionable, and potentially illegal, practices in recent months. Now, a group of former employees of an estimating company say their former employers likely conspired with the firm to hike up the value of Hurricane Ida claims by exaggerating damages.

For its third annual Contractor Fraud Awareness Week, the National Insurance Crime Bureau (NICB) has chosen to highlight the issue of post-disaster contractor fraud. According to NICB, approximately 10% of the $92 billion catastrophe losses suffered by insurers in 2021 went towards post-disaster fraud.

In a significant development, Wells Fargo has reached a settlement agreement to pay $1 billion to resolve a class action lawsuit accusing the bank of misleading investors about its progress in rectifying its practices following the notorious fake accounts scandal. If approved by the court, this settlement would rank among the largest recoveries ever obtained from a securities class action lawsuit, according to attorneys representing the plaintiffs.

Researchers at a leading cryptocurrency tracing company have bad news for Washington: Ransomware is back, and it might be worse than ever.

To bolster innovation, insurers are turning to a technology that, in its short lifetime, has already created massive changes in business and the world. Generative AI, a type of artificial intelligence that can create content, rather than simply analyzing existing data, has been at the core of experiments in trying to optimize insurer processes, predict risk and develop customized policies for individual customers.

A woman from Coral Gables found herself caught in an insurance scam after an alert witness helped authorities unravel her deceitful plot. Silvia Maria Almeida, along with her passenger, Milton Yunielki Acosta, attempted to deceive the police by falsely reporting a collision between her black Mercedes-Benz and a pickup truck in Hialeah Gardens. However, their inconsistencies and a witness's intervention exposed their fraudulent scheme.

Consumers who used Intuit's TurboTax software between 2016 and 2018 could be eligible for up to $85 as part of a 50-state settlement over the company's tactics that allegedly tricked users into paying for tax services that should have been free.

Louisiana's Insurance Commissioner has imposed a fine of $2 million on Texas law firm McLenny Moseley & Associates (MMA) and its associated partners for hurricane-related insurance fraud.

Paul Richard Massey, a resident of West Virginia, recently pleaded guilty to wire fraud and money laundering charges. Massey, who worked as a claims adjuster for Allstate Insurance Company from 2015 to June 2019, confessed to issuing fraudulent payments to a business that he owns.

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. Now, a lesser-known type is occurring with greater frequency: provider fraud.

The FBI recently warned consumers against using free public charging stations, saying crooks have managed to hijack public chargers that can infect devices with malware, or software that can give hackers access to your phone, tablet or computer.

Almost a third (30%) of all IT and security professionals whose firms suffered a data breach did not publicly disclose the event, but rather decided to sweep it under the rug.

Investigators didn't have to look far to find evidence allegedly showing a Yucaipa couple intentionally causing dozens of car crashes to fraudulently collect insurance money.