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Around 15% of all auto premiums paid are used directly to cover undetected fraudulent claims, J.S. Held reports.
The lawsuit alleges Aon "wrongfully" used its unified platform to lure clients and reap huge profits.
Overall, 32% of home, auto and renters policyholders trust the accuracy of AI without human oversight.
If you focus on solving concrete business problems, your A.I. can dramatically transform customer experience.
More than 80% of insurers use cloud infrastructure today compared with just 29% in 2020.
AI may be both a source of insurance fraud and a manner in which to detect and prevent it.
Video surveillance revealed a man participating in activities that did not square up with his alleged total disability.
Forbes Advisor ranked the 25 largest comp carriers based on financial strength and level of complaints.
The agent is facing 27 counts including grand theft and forgery for stealing from at least 10 small businesses.
Social and general inflation combined to push commercial auto liability payments higher by as much as $44 billion, Triple-I reports.
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