Insurers are ramping up analytics and SIU capability amid rise in insurance fraud using AI tools and social engineering ...
Insurers in the U.S. lose roughly $308 billion to fraud per year—nearly 25% of the industry’s total value. Within the property and casualty and auto insurance sectors alone, annual fraud losses can ...
Insurance fraud costs Washington consumers millions every year — and under current law, many sophisticated schemes can go unpunished. One example: a driver crashes a car, waits a few days, buys ...
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Financial authorities extend insurance fraud reporting period, expand scope
Financial authorities have decided to extend the special reporting period for insurance fraud, originally set to end this ...
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