Fraud Management

The shocking news broke when Manhattan District Attorney Alvin Bragg, Jr. announced the indictment of Timothy Barry Derham, chairman and owner of Inter-Insurance Agency Services Ltd., and his nephew, Donald “Trip” A. Derham III, the company's chief technology officer, on serious charges of ins

The issue of insurance fraud has been thrust into the spotlight by Kwaku Yeboah-Asuamah, CEO of MiLife Insurance Company, who warns that these deceitful actions pose a significant threat to the entire industry. Fraudulent claims not only siphon resources away from legitimate cases but also

California's ongoing battle with insurance fraud has prompted new legislative measures aimed at improving enforcement capabilities. One such measure is Assembly Bill 2872, designed to close the pay gap between fraud detectives at the Department of Insurance and other state agencies. This

The rapidly evolving landscape of underwriting and risk assessment is transforming the insurance industry, necessitating that industry players stay ahead of the curve to maintain a competitive edge. As technological advancements reshape risk management and decision-making, insurers are experiencing

Insurance fraud detection is a complex domain requiring a nuanced balance between advanced technology and human judgment. As fraudulent activities become more sophisticated, the insurance industry is increasingly leveraging tools like artificial intelligence (AI) and machine learning (ML) to

Consumer protection remains a critical priority, especially for older adults, who are often targeted by scammers. In line with Elder Abuse Awareness Month this June, the Shapiro Administration is urging senior citizens to be cautious when purchasing annuities. Pennsylvania Insurance Commissioner