Fraud Management

Are Crash for Cash Scams Evolving into Identity Fraud?
Risk Management Are Crash for Cash Scams Evolving into Identity Fraud?

The insidious nature of "crash for cash" scams has become an alarming concern as these fraudulent schemes evolve over time. Originating in London a few years ago, these scams initially involved orchestrated vehicular accidents, primarily with moped riders, aiming to claim compensation for damages

Is Your Motor Insurance Provider a Scammer?
Risk Management Is Your Motor Insurance Provider a Scammer?

In today's increasingly digital and interconnected world, motor insurance fraud presents a complex challenge with severe financial and legal implications for unsuspecting drivers. Recent developments in fraud detection have spotlighted the alarming rise of "Ghost Broking" scams, specifically

Is Healthcare Insurance Fraud a Hidden Epidemic?
Risk Management Is Healthcare Insurance Fraud a Hidden Epidemic?

Insurance fraud within the healthcare sector has emerged as a significant concern, demonstrating its capacity to undermine public trust and financial stability. The arrest and indictment of Tonmoy Sharma, the former CEO of Sovereign Health Group, signaled a stark reminder of the vulnerabilities in

Can AI Detect and Prevent Insurance Fraud Effectively?
Technology & Trends Can AI Detect and Prevent Insurance Fraud Effectively?

Shelter Insurance's collaboration with Shift Technology marks a significant step in enhancing the fight against insurance fraud. Simon Glairy, a distinguished expert in risk management and AI-driven risk assessment, provides insights into how this partnership revolutionizes fraud detection,

How Can Homeowners Avoid Contractor Scams After Storms?
Risk Management How Can Homeowners Avoid Contractor Scams After Storms?

Severe weather events can wreak havoc on homes, leading to urgent repairs that often leave homeowners in vulnerable positions. Navigating the aftermath of storms demands not only the restoration of property but also safeguarding against fraudulent contractors who prey on desperate situations. The

Former City Manager Charged With Embezzlement and Fraud
Risk Management Former City Manager Charged With Embezzlement and Fraud

The legal saga surrounding former assistant city manager Carl Alameda has captured significant public attention after he was charged with numerous counts of embezzlement and insurance fraud. Prosecutors allege that Alameda, during his six-year tenure at La Cañada Flintridge, diverted close to

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