Fraud Management

Why Is Cargo Theft Surging and How Can Brokers Respond?
Regulatory & Compliance Why Is Cargo Theft Surging and How Can Brokers Respond?

Welcome to an insightful conversation on the escalating issue of cargo theft, a challenge that’s hitting record highs across North America. Today, we’re joined by Simon Glairy, a seasoned expert in insurance and Insurtech, with deep expertise in risk management and AI-driven risk assessment. With

How Is AI Transforming Risk Mitigation in Insurance?
Technology & Trends How Is AI Transforming Risk Mitigation in Insurance?

What if an insurance company could foresee a devastating hurricane's impact or spot a fraudulent claim before it drains millions? In 2025, artificial intelligence (AI) is making this a reality, transforming how insurers tackle risks tied to catastrophic events and deception. This technology isn't

Ohio Security Sues Law Firm Over Double Settlement Payment
Regulatory & Compliance Ohio Security Sues Law Firm Over Double Settlement Payment

Imagine a scenario where an insurance company, in good faith, pays out a settlement only to discover it has paid twice for the same claim due to alleged fraud, a situation that Ohio Security Insurance Company now faces in its ongoing lawsuit. This legal battle against The McKee Law Group and an

Insurers Sue Michigan Medical Network for No-Fault Fraud
Regulatory & Compliance Insurers Sue Michigan Medical Network for No-Fault Fraud

Imagine a system designed to protect accident victims, ensuring they receive timely medical care without the burden of fault disputes, only to find it exploited for massive financial gain. In Michigan, a coalition of prominent insurance companies, spearheaded by Liberty Insurance Corporation, has

How Will AI and Blockchain Transform Insurance in 2025?
Technology & Trends How Will AI and Blockchain Transform Insurance in 2025?

As the insurance industry navigates through a period of unprecedented technological change, the integration of artificial intelligence (AI) and blockchain stands out as a revolutionary force reshaping every facet of the sector. These innovations are not merely tools for efficiency but are

Brooklyn Duo Charged in Viral Cash-for-Crash Scam on Belt Parkway
Risk Management Brooklyn Duo Charged in Viral Cash-for-Crash Scam on Belt Parkway

In a startling display of criminal ingenuity, two Brooklyn men have been thrust into the spotlight for allegedly orchestrating a daring insurance fraud scheme that involved staging car crashes along a busy New York roadway, preying on unsuspecting drivers. This audacious operation, known as a

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