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
The insurance fraud detection market is undergoing significant transformation, propelled by the advent of advanced technology and augmented by the increased incidence of fraud. This evolution is necessitating robust detection tools that can cope with sophisticated attempts at deception and are
In a major crackdown on insurance fraud, five San Diego residents face serious felony charges for orchestrating a disability insurance fraud scheme. The group is accused of filing 63 fraudulent claims, attempting to exploit a long-term disability policy. Tyler A. Liebowitz, 45, and Dean C.
As threats of fraud continue to climb, organizations across finance, law, taxation, and government sectors are on high alert to protect against complex scams and illicit activities. With an uptick in Suspicious Activity Reports and cunning email schemes, it’s clear that the defense against fraud m
