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 ...
Insurers say cases of scammers manipulating people into staging crashes and filing bogus claims are under-reported ...
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 ...
Insurance fraud is a systemic problem that costs billions of dollars every year and impacts regulators, insurers, and consumers. It is not merely a passing fad. Rich Gibson, the American Academy of ...
ROCHESTER, N.Y. — The NYS Department of Motor Vehicles is warning drivers about a rise in staged crashes, when scammers intentionally cause a crash to collect on fraudulent insurance claims. According ...
Senate Bill 6031 would give teeth to the state insurance commissioner’s Criminal Investigations Unit, and define “insurance fraud” as its own Class B felony crime ...
As the debate on the Hill over the fate of the Affordable Care Act's premium tax credits rages on, a new report highlights the potential fraud risk tied to the subsidies. The Government Accountability ...
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