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Restitution would be easier for consumers without the need to go to court and engage in litigation with a contractor.
Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.
Nikola claims it is prepared to resolve claims against its directors and officers, but its insurers refuse to approve to proposals.
Internet crime complaints have surged, according to the FBI, with reported financial losses from 2018 through 2022 totaling $27.6 billion.
When the insured's away and the water leaks, is there coverage?
Examine the challenges and opportunities 2024 might hold for the P&C insurance sector.
Extremely cold temperatures are affecting unprotected pipes across the U.S., causing thousands of dollars in damage.
The fact that the FTC launched the unusual competition reflects concerns that AI advances will make voice-cloning efforts faster to pull off and harder to detect.
The agent impersonated a college employee and fraudulently set up an insurance financing agreement.
Crawford & Co. leaders foresee significant insurtech development this year, largely driven by catastrophe costs.