N.Y. Judge Backs Insurer in Staged-Crash Scheme – TT
A New York Supreme Court judge in Suffolk County recently sided with an insurance company refuting payouts after it proved a...
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Stop the Scams: Governor Hochul Announces Partnership Between State Police and Department of Financial Services to Crack Down on Insurance Fraud
Stop the Scams: Governor Hochul Announces Partnership Between State Police and Department of Financial Services to Crack Down on Insurance Fraud...
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As Insurance Fraud Exceeds $40 Billion Annually, Consumers Face More Sophisticated, Harder-to-Detect Scams
Insurance fraud is no longer limited to staged accidents or exaggerated claims—it’s becoming faster, more sophisticated, and increasingly digital. As fraud schemes evolve, Mercury Insurance (NYSE/NYSE Texas: MCY)...
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Coalition Against Insurance Fraud Names New Insurer Co-Chair, Re-Elects Officers
The Coalition Against Insurance Fraud has appointed Steven Piper as insurer co-chair and re-elected John Sokit as treasurer, the organization announced...
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Governor Hochul Highlights Proposals to Bring Down Costs of Vehicle Insurance Rates and Tackle Fraudulent Claims
Governor Kathy Hochul today highlighted her proposals to bring down costs of vehicle insurance rates and tackle fraudulent claims across New...
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Officials see an increase in arson fires during coronavirus pandemic
Preliminary statistics for 2020 show a jump in the number of arson cases. As the pandemic continues, cities are taking measures...
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Many vehicular arson cases difficult to solve
Washington, D.C.-area fire departments are grappling with hundreds of deliberately set car fires each year, according to a review by the...
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Insurance fraud hits everyone in the wallet
We all pay for insurance fraud. A 2022 study conducted for the Coalition Against Insurance Fraud concluded that insurance fraud costs...
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Can Insurance Fraud Teams Handle Regulatory Scrutiny of AI?
State regulators are demanding that insurers clearly explain their use of AI, validate data accuracy and maintain compliance. Meanwhile, technical teams...
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Is anti-fraud tech skewed towards claims fraud?
A survey of U.S. insurers identifies the kinds of technologies that the industry is using to help detect insurance fraud. What...
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