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Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.
Cybercriminals use emotional manipulation to overcome vishing victims' common sense and cybersecurity training.
Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.
The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.
Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.
Many insurers aren't yet equipped to integrate multiple technology partners into the claims process.
The Watch Register calls for one centralized, global database for lost or stolen luxury watches to reunite more owners with their timepieces.