Fraud Management

Shift Technology Unveils AI-Driven Fraud Detection Module for Insurance
Risk Management Shift Technology Unveils AI-Driven Fraud Detection Module for Insurance

Addressing the Complexities of Insurance Fraud Investigation Streamlining Special Investigation Units (SIUs) Insurance fraud, with an annual cost exceeding $300 billion, is a prevalent issue in the industry, requiring specialized investigation units (SIUs) for detection and prevention. SIUs often

Rising Insurance Fraud Nears Apple's Global Sales at $309 Billion
Risk Management Rising Insurance Fraud Nears Apple's Global Sales at $309 Billion

The US insurance sector is grappling with a crisis akin to a high-stakes heist: insurance fraud. Yet, unlike its Hollywood portrayal, these crimes are far from glamorous and often slip under the radar. In 2022, insurance fraud's economic impact was an alarming $309 billion, rivaling Apple's global

Former GA Commissioner Oxendine Faces Healthcare Fraud Trial
Risk Management Former GA Commissioner Oxendine Faces Healthcare Fraud Trial

The Charges and Alleged Scheme John Oxendine, Georgia's former insurance commissioner, finds himself at the center of a healthcare fraud trial involving charges that could decimate his previous government service reputation. Accused of being a pivotal player in a fraudulent scheme from 2015 to

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