How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technology
AI-powered multimodal tech is helping property and casualty insurers detect fraud more accurately across the claims cycle, potentially saving billions and lowering premium costs.
May 13, 2025
Fraud
Insurance Industry
Property
Technology
Escrow Officer Sentenced to Prison for Orchestrating $350K Title Fraud Scheme in Texas
A McAllen, Texas escrow officer was sentenced to 24 months in prison for wire fraud after falsifying real estate documents and defrauding lenders and buyers of over $350,000.
May 13, 2025
Fraud
Insurance Industry
Litigation
Property
Texas
Amtrak Health Plan Defrauded of $12 Million by Over 100 Employees and Medical Providers
Over 100 Amtrak employees joined forces with medical providers in a fraudulent health insurance scheme that cost the company more than $12 million, a new report finds.
May 12, 2025
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Connecticut
Delaware
District Of Columbia
Maryland
New Jersey
Insurers Prioritize Claims Over Underwriting in Anti-Fraud Tech Use
While most U.S. insurers use technology to detect claims fraud, fewer are leveraging these tools for underwriting or internal fraud, a new survey reveals.
May 12, 2025
Fraud
Insurance Industry
Technology
Underwriting
Cybercrime Rings Are Stealing Billions in Government Aid Using Stolen American Identities
Organized cybercriminals, including foreign nation-state actors, are exploiting U.S. aid programs using stolen identities, with losses potentially nearing $1 trillion annually.
May 12, 2025
Catastrophe
Fraud
Legislation & Regulation
Technology
Nationwide Auto Theft Ring Busted as Queens DA Charges 20 in $4.6M Scheme
Prosecutors say a sophisticated criminal network used social media to resell 126 stolen cars in a multi-state operation that spanned from New York to Tennessee.
May 9, 2025
Fraud
Litigation
Risk Management
Technology
Massachusetts
New Jersey
New York
Tennessee
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
