Bipartisan Bill Targets Staged Auto Accident Fraud Nationwide
A bill introduced in the U.S. House of Representatives would make staging motor vehicle accidents for insurance payments a federal crime.
Fraud
Legislation to Crack Down on Staged Accidents Introduced
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
Deep Fakes: The New Front Line in Insurance Fraud
In the age of AI, the question for insurers is no longer whether digital deception will impact their business, but rather how quickly they are prepared to respond.
Common Red Flags for Jewelry Insurance Fraud
Jewelry may be the quintessential Valentine’s Day gift, but it has also become the darling of would-be fraudsters.
Fraud Wars: How Technology is Fighting Insurance Fraud
Here are some of the top ways the insurance industry uses technology to fight fraud costing businesses and consumers $308.6 billion a year.
Funds Transfer Fraud: Does Victim Still Have to Pay Real Invoice?
Contractor B paid a fraudulent invoice for $26,000 to a hacker claiming to be Contractor A, and now doesn’t want to pay the legitimate bill.
Using Tech Tools in the Fight Against Bank Fraud
Independent agents recommend the best solutions to protect their clients. However, they sometimes fail to follow their own advice—particularly when it comes to protecting their agency against financial fraud.
Leveraging OSINT to Prevent Insurance Fraud
Open-source intelligence (OSINT) and data enrichment are valuable allies to help flag suspicious activity.
What Is Independent Agents’ Role in Preventing Insurance Fraud?
In many cases, agents are the first line of defense against potential fraudsters. What role do independent agents play in preventing insurance fraud? And what are the consequences if they don’t?
4 Insurance Fraud Trends to Watch
The pandemic has accelerated the move toward digitalization, bringing with it a rise in digital fraud. Here are four insurance fraud trends to watch out for.
