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The FC&S coverage experts review some recent instances of insurance fraud.
Insurance industry news from NFP, Coalition, MarshBerry and more.
The scheme involved illegal control of medical practices, kickbacks for patient referrals and bribes.
Generative AI guides insurers through extreme weather events while maximizing policyholders' customer experience.
The former agent's husband also had his license revoked by the California Department of Insurance.
The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.
According to Allianz, businesses are most likely to develop alternative suppliers when working to de-risk supply chains.
A recent panel of scam-fighting experts detailed the role agents and brokers play in stopping insurance fraud.
The racketeering and extortion charges each carry a maximum sentence of 20 years.
Insurers and their partners face challenges when it comes to integrating AI into business processes, Xceedance reports.