A new study from the University of Georgia (UGA) has found that younger adults are significantly more willing to commit insurance fraud compared to older generations.
Tag: insurance fraud
Florida Launches New Squads to Combat Property Insurance Fraud
At the Florida Chamber Annual Insurance Summit last week, state Chief Financial Officer (CFO) Jimmy Patronis announced the formation and deployment of two new property insurance fraud-fighting squads.
Generative AI Poised to Revolutionize Insurance Fraud Detection
Generative AI (Gen AI) is showing significant potential in combating insurance fraud, according to a recent report from Digital Insurance. The technology excels at analyzing large data sets and identifying patterns that may indicate fraudulent claims.
Trump Organization Liable for Defrauding Insurers in NYC Civil Case
Donald Trump, family members, and the Trump Organization were found liable for defrauding insurance companies and other financial institutions by misstating the actual value of properties they controlled, a New York judge ruled.
New York Lawyer Pleads Guilty to Ponzi Scheme, Insurance Fraud
A disbarred Forest Hills, New York, attorney on Monday pleaded guilty to federal charges stemming from his roles in an $18.8 million Ponzi scheme and a $30 million auto insurance fraud, prosecutors said.
A Surprisingly High Number of Americans Think Insurance Fraud Is Not a Crime: Survey
A significant number of Americans aged 45 and younger show a high level of tolerance for insurance fraud – even feeling envious of those who commit it – according to a new survey of insurance consumers by Verisk and the Coalition Against Insurance Fraud.
LA Commissioner Donelon Issues $2M in Fines to Law Firm for Insurance Fraud Scheme
Insurance Commissioner Jim Donelon issued fines totaling $2 million this week to Texas law firm McClenny Moseley & Associates (MMA) for engaging in unfair trade practices and insurance fraud.
New Indictment Accuses NC Insurance Billionaire Greg Lindberg of Misappropriating Millions
Beleaguered N.C. billionaire Greg Lindberg was indicted Friday on a rash of new criminal charges that further threaten his freedom.
Louisiana State Police Arrest Insurance Adjuster Who Stole Hurricane Ida Payments
Louisiana State Police arrested an insurance adjuster Thursday on charges of pocketing more than $592,000 that he obtained on behalf of seven Hurricane Ida victims.
Extreme Fraud and Litigation Responsible for Florida’s Homeowners Insurance Market’s Demise: Triple I
With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claiming massive settlements on claims, Florida’s insurance market is on the verge of failure. Even more, this man-made catastrophe is causing financial strain on resident consumers, as the annual cost of an average Florida homeowners insurance policy will skyrocket… Continue reading Extreme Fraud and Litigation Responsible for Florida’s Homeowners Insurance Market’s Demise: Triple I