A multi-year investigation uncovered organized criminal groups linked to staged collisions, vehicle financing fraud, and false insurance claims that generated millions in losses and drove up costs for insurers and policyholders.
As communities recover from tornadoes, floods, wildfires, and other disasters, NICB says contractor fraud schemes are becoming more sophisticated, with roofing scams, inflated mitigation claims, and assignment of benefits abuse among the most common threats.
New fraud data from Lloyds Bank and recent U.S. court rulings are increasing scrutiny of Meta’s role in online scams, creating new questions about liability, insurance coverage, cyber risk, and potential subrogation opportunities.
New FICO report argues that fragmented data systems are leaving insurers vulnerable to organized fraud networks and calls for real-time, enterprise-wide fraud intelligence.
A federal appeals court found sufficient evidence that a Texas police chief conspired to burn his wife’s SUV, report it stolen, and collect insurance proceeds. The case highlights multiple fraud indicators that claims investigators identified before any confession emerged.
Five earthquakes off the Northern California coast caused little damage, but they renewed attention on the fact that most California homeowners lack earthquake insurance and would receive no coverage for quake-related property losses.
A proposed class action alleges Ring’s Familiar Faces feature collected and stored facial recognition data from individuals without their consent, raising privacy and liability concerns for AI-powered security systems.
Insurers are expanding their use of AI, telematics, digital identity verification, and predictive analytics as fraud schemes become more complex and costly across multiple lines of business.
Commercial insurance carriers are rapidly deploying AI underwriting tools, but many leaders lack confidence in the strategic framework needed to maximize those investments and deliver measurable business outcomes.
Generative AI tools are making it easier to create fake claim evidence, while a new survey finds insurers have limited confidence in their ability to detect and prevent AI-driven fraud.
Researchers analyzing more than 480,000 Salmonella genomes found climate change is associated with a 10% increase in antimicrobial resistance genes worldwide, with projections showing the threat could intensify by 2100 without emissions cuts and antibiotic stewardship.
Federal prosecutors said insurance company reserves were diverted through affiliated entities, leaving thousands of policyholders still owed more than $1 billion while regulators uncovered bribery and fraud allegations.
The Institutes Knowledge Group’s 2026 Skills Report finds AI literacy, claims expertise, leadership, and risk management skills are becoming critical as insurance roles evolve.
