Teen Arrested in Scattered Spider Cybercrime Case Linked to Telecom and Crypto Hacks
Authorities have arrested a teenager linked to the Scattered Spider gang, accusing them of hacking financial and telecom firms and launching phishing campaigns targeting employees and customers.
December 9, 2024
Fraud
Litigation
Risk Management
Technology
Florida
North Carolina
Texas
AI Brings Speed, Precision, and Control to Insurance Operations
Artificial intelligence is transforming the insurance industry by automating processes, enhancing fraud detection, personalizing policies, and streamlining customer service.
December 4, 2024
Fraud
Risk Management
Technology
Underwriting
Missouri Farmer Featured on Reality TV Show Pleads Guilty to Multi-Million-Dollar Crop Insurance Fraud
A Missouri farmer, known for his role in a reality TV series, has pleaded guilty to a multi-million-dollar crop insurance fraud scheme involving falsified federal benefit claims.
December 3, 2024
Fraud
Insurance Industry
Litigation
Missouri
North Carolina Woman Charged with Filing False Insurance Claim
A Greensboro woman faces charges for allegedly filing a $49,000 claim for pre-existing damage to her late mother’s home, using her mother’s identity to obtain the policy.
December 3, 2024
Fraud
Insurance Industry
Litigation
Property
North Carolina
Beckett Grading’s Decline Deepens as Fraud Scandal Weighs Heavy
Beckett Grading Services faces a steep drop in card grading activity as its owner’s $2 billion insurance fraud conviction compounds ongoing struggles in the competitive market.
December 3, 2024
Fraud
Insurance Industry
Litigation
Risk Management
Federal Prosecutors Target Alleged $10 Million No-Fault Insurance Fraud Scheme
Federal prosecutors have indicted three individuals in connection with an alleged $10 million no-fault auto insurance fraud operation, with ties to a firm linked to former NYC official Frank Carone.
December 3, 2024
Auto
Fraud
Legislation & Regulation
Litigation
New York
Legal System Abuse: The New Name Driving Insurance Industry Reform
Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
December 3, 2024
Fraud
Legislation & Regulation
Litigation
Risk Management
Florida
Georgia
Kansas
Louisiana
Washington
Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad
A shoplifting ring that stole $2 million in high-end goods across several states was dismantled, with stolen items resold online and in the Dominican Republic. New laws are being enforced to tackle organized retail theft.
December 2, 2024
Fraud
Legislation & Regulation
Liability
Risk Management
New Jersey
New York
Ohio Resident Sentenced to Five Years for $229K Insurance Fraud
An Ohio man has been sentenced for orchestrating a $229,000 insurance fraud scheme involving multiple companies and falsified claims, including property theft and fake medical expenses.
November 26, 2024
Fraud
Insurance Industry
Litigation
Risk Management
New York
Ohio
New York Broker Pleads Guilty in $38 Million Nursing Home Tax Fraud Scandal
Joseph Schwartz, a New York insurance broker, pleaded guilty to charges of employment tax fraud and failing to file financial reports for nursing home facilities across 11 states.
November 20, 2024
Fraud
Insurance Industry
Legislation & Regulation
Liability
New Jersey
New York
Mississippi Restaurant Fined $1.5M for Seafood Mislabeling Scheme
A Gulf Coast restaurant and co-owner face penalties after years of selling mislabeled imported seafood as premium local fish, defrauding customers and the seafood industry.
November 20, 2024
Fraud
Legislation & Regulation
Liability
Risk Management
Mississippi
Cargo Thefts Surge During Thanksgiving Holiday, Analysis Reveals
CargoNet reports a surge in cargo thefts during Thanksgiving, with high-risk areas and targeted goods revealing sophisticated criminal networks exploiting supply chain vulnerabilities.
November 20, 2024
Fraud
Property
Risk Management
California
Illinois
Rising Roof Claims Challenge Insurers Amid Severe Weather and Roofing Scams
Severe weather, inflation, and roofing scams are driving a surge in roof-related insurance claims, forcing the industry to adjust coverage and policy conditions to manage risks.
November 18, 2024
Catastrophe
Fraud
Insurance Industry
Property
Texas
Transforming Claims with Technology: Predictive Analytics and Machine Learning
Predictive analytics and machine learning are reshaping insurance claims management by enhancing efficiency, detecting fraud, and improving customer satisfaction.
November 18, 2024
Fraud
Insurance Industry
Risk Management
Technology
Jacksonville Insurance Employees Arrested for $1.14M Fraud Scheme
Two Jacksonville healthcare employees allegedly submitted over 40 false claims, defrauding their employer of $1.14 million from 2019 to 2023. Both face serious charges.
November 18, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Florida
