Allstate Becomes One of the First Major Insurers to Explore Quantum Computing Through Chicago Quantum Exchange
Allstate partners with the Chicago Quantum Exchange to explore how quantum computing could transform risk analysis, fraud detection, and customer service in insurance.
May 8, 2025
Fraud
Insurance Industry
Risk Management
Technology
Illinois
Indiana
Wisconsin
Sedgwick Enhances Claims Accuracy and Fraud Detection with Verint Trust Bot AI
Sedgwick has adopted the Verint Trust Bot to speed up insurance claims processing and enhance fraud detection using patented behavioral analytics and explainable AI.
May 7, 2025
Fraud
Insurance Industry
Technology
Burger King Faces Federal Court over Whopper Size Misrepresentation Claims
A federal judge in Florida ruled that Burger King must face a lawsuit accusing the company of falsely advertising the Whopper’s size and ingredients in promotional materials.
May 7, 2025
Fraud
Insurance Industry
Litigation
Risk Management
Florida
Man Charged in Australia Drowning Case as Life Insurance Claims Raise Suspicion
A man returning from overseas has been charged with murdering his wife during a 2020 kayaking trip after police linked over $1 million in life insurance claims to the death.
May 6, 2025
Fraud
Liability
Litigation
Risk Management
FBI Warns of Rising Discount Medical Insurance Scams Costing Victims Thousands
The FBI warns consumers about discount medical insurance scams that falsely promise savings but leave victims with unpaid medical bills and unauthorized charges.
May 6, 2025
Fraud
Legislation & Regulation
Life & Health
Risk Management
Woman Sentenced to Prison for $650,000 Crop Insurance Fraud Scheme
Jatinderjeet ‘Jyoti’ Sihota will serve one year in prison for orchestrating a crop insurance fraud scheme that led to over $650,000 in fraudulent payouts in California.
April 29, 2025
Fraud
Insurance Industry
Litigation
Property
California
Four Charged in Southern California Workers Compensation Fraud Scheme
California officials charged four people with felony conspiracy and unlawful referrals in a $14.5 million workers’ compensation fraud scheme targeting Spanish-speaking workers.
April 28, 2025
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
California
How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technologies
Property and casualty insurers can leverage AI-powered multimodal fraud detection to protect their bottom lines, lower costs for policyholders, and reduce fraudulent claims.
April 28, 2025
Fraud
Insurance Industry
Property
Technology
Final Defendant Receives Sentencing in $300K Pennsylvania Auto Insurance Fraud Case
Three individuals sentenced for running a Cumberland County auto insurance scam involving identity theft, fraudulent claims, and over $300,000 in illegal payouts.
April 28, 2025
Auto
Fraud
Insurance Industry
Litigation
Pennsylvania
Georgia Fraud Investigation Results in Over 180 Felony Charges Against Eight Individuals
Authorities in Chatham County charged eight people with over 180 felonies after they allegedly used an elderly victim’s personal information to commit identity theft and insurance fraud.
April 28, 2025
Fraud
Insurance Industry
Litigation
Risk Management
North Carolina
Vehicle Thefts Drop to Historic Low in 2024
The U.S. saw fewer than one million vehicle thefts in 2024—a 16.7% drop from 2023 and the biggest decline in four decades, with Kia and Hyundai models leading theft stats.
April 23, 2025
Auto
Fraud
Property
Risk Management
How Certificates of Insurance Help Fight Freight Fraud in the Supply Chain
Freight fraud is rising, costing companies millions. Requiring and verifying certificates of insurance is proving vital for reducing risk and increasing trust across the supply chain.
April 23, 2025
Fraud
Insurance Industry
Risk Management
Technology
Iowa
Nevada
Insurance Brokerage Executive Admits Role in $133M ACA Fraud Scheme Targeting Federal Subsidies
A Florida insurance executive admitted to orchestrating a $133 million scheme involving fraudulent ACA enrollments to collect commissions from taxpayer-funded health plan subsidies.
April 23, 2025
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Two Pennsylvania Women Charged with Filing False Insurance Claims After Alleged Fake Hit-and-Run
Authorities allege two women from eastern Pennsylvania fabricated a hit-and-run accident in Hanover to file fraudulent insurance claims worth $30,000.
April 23, 2025
Fraud
Insurance Industry
Liability
Litigation
Pennsylvania
Virginia
FBI Reports Global Cybercrime Losses Surpass $16 Billion in 2024
Cybercrime cost victims over $16 billion last year, driven by online scams like phishing and tech support fraud, with most complaints originating from the U.S.
April 23, 2025
Fraud
Insurance Industry
Risk Management
Technology
