Traditional techniques for identifying and countering GenAI-enabled vehicle insurance fraud are notably limited, especially ...
Insurance fraud is more common than scams in other fields, and its prevalence is growing, a new report from fraud detection company Pindrop found. After analyzing more than 1.2 billion customer calls ...
In 2023, traditional identity fraud cost banks, credit unions and financial institutions $23 billion, an increase of 13% from the year prior. New account fraud and account takeover fraud accounted for ...
STRONGER IMMIGRATION LAWS. WELL, THE STATE IS SPENDING NEARLY A HALF MILLION DOLLARS OF YOUR MONEY INVESTIGATING WHAT THEY CALL POTENTIAL IRREGULARITIES IN NEW MEXICO’S INSURANCE FRAUD FUND. AND ...
An aging population combined with increased usage of long-term care insurance means more opportunity for misuse of funds and fraud, waste and abuse. That was the word from Jeff Ferrand, vice president ...
OAK BROOK, Ill., Nov. 5, 2025 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the nation's leading not-for-profit organization dedicated to preventing and combating insurance crime, is ...
This report discusses the preliminary results of the GAO’s work on fraud risk management in the advance premium tax credit—a subsidy that the government pays to insurance companies to make premiums ...
From impersonation and social engineering to leveraging generative AI and large-scale data breaches, insurance fraud has become increasingly organised and technically advanced. Global fraud losses ...
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Insurance sector battles rising cases of fraud
Kenya’s insurance industry is grappling with a surge in fraudulent claims, with motor vehicle insurance emerging as the most targeted sector, according to data from the Insurance Regulatory Authority ...
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