Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
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.
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.
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.
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.
‘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.
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.
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).
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.
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.
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.
A ChatGPT-style tool designed to assist cybercriminals will let hackers develop sophisticated attacks on a significantly larger scale, researchers have warned.
The New Year probably didn’t start the way Safelite officials expected. On Jan. 5, Safelite Group Inc., Safelite AutoGlass (SAG) and Safelite Solutions LLC (SSL) were sued for insurance fraud by a former employee for himself and on behalf of the people of California.
An insurance adjuster from Texas was sentenced to 20 years in prison for pocketing more than $200,000 in insurance payouts meant for St. Charles Parish residents who filed claims to repair damage to their property following Hurricane Ida, according to the St. Charles Parish District Attorney’s Office.
