A significant number of Americans aged 45 and younger show a high level of tolerance for insurance fraud – even feeling envious of those who commit it – according to a new survey of insurance consumers by Verisk (NASDAQ:VRSK) and the Coalition Against Insurance Fraud. The study analyzes how American consumers view insurance fraud and […]
CCC and Verisk Form Strategic Partnership
Initial collaboration will work to prevent auto insurance fraud. CCC Intelligent Solutions Inc. (NASDAQ:CCCS) and Verisk Analytics, Inc. (NASDAQ:VRSK) announced today a strategic partnership that will leverage the two providers’ technologies to bring new innovations to P&C insurance claims. CCC provides a cloud platform for the P&C insurance economy and Verisk is a global data […]
NICB President and San Diego DA Discuss Crime Trends and Efforts to Fight Insurance Fraud
The National Insurance Crime Bureau (NICB), the insurance industry’s association dedicated to predicting, preventing, and prosecuting insurance crime, continues to focus on strengthening its longstanding relationship with the San Diego County District Attorney’s Office to enhance investigative efforts in the county. NICB President and CEO David J. Glawe and San Diego County District Attorney Summer […]
Pennsylvania Collision Repair Facility Owner Charged with Submitting $426,000 in Inflated Insurance Claims
The Bucks County District Attorney office has charged the owner of the Chalfont Collision Center, located in Chalfont, Pa., who is alleged to have submitted nearly 300 false insurance claims over several years to four insurance companies, pocketing more than $426,000 in payouts. John Paul Reis, 56, of Newtown Township, turned himself in yesterday on […]
Economical Insurance Selects Shift Technology for Fraud Detection
Shift Technology, a provider of artificial intelligence (AI) decision automation and optimization solutions for the global insurance industry, announced that Economical Insurance, a property and casualty insurer in Canada, will deploy Shift Claims Fraud Detection to better spot potentially suspicious claims in its Personal and Commercial Auto and Property lines of business. Economical was looking […]
ACD and Attestiv Collaborate to Bring AI-Photo Analysis to Auto Claims
AutoClaims Direct, Inc., (ACD) and Attestiv, Inc., a leading media authenticity platform announced a joint collaboration to bring photo verification and fraud detection to ACD’s CLARITY technology platform. “Fraud awareness and prevention is critical in the insurance industry and ACD is delighted to work with Attestiv to provide technology tools for our auto insurance clients. […]
Elephant Insurance Selects Shift Technology for Fraud Detection
Shift Technology announced Elephant Insurance selected the company to help improve fraud detection in the P&C insurer’s claims process. According to Elephant, Shift was selected because its artificial intelligence and data science expertise helps improve the detection of fraud earlier in the claims process to avoid issuing payments on fraudulent claims and provides agents with […]
Five Collision Repair Shops Charged with Operating Insurance Fraud Ring in New York State
The District Attorney in Westchester County, New York, Anthony A. Scarpino, Jr., announced the takedown of “Operation Sledgehammer”, an alleged insurance fraud enterprise operating in lower Westchester and the Bronx, following a nearly two-year long investigation. Five registered automotive repair businesses and nine defendants were charged with Enterprise Corruption for defrauding insurance companies by enhancing […]
California Towing Company Owners Alleged Part of Insurance Fraud Scheme
Towing company owners Bandar “Charlie” Albadawi, 57, and Sleiman “Slim” Zeinaty, 59, along with their employee Shelley Blowers, 50, were arrested on multiple felony counts of insurance fraud and filing false documents after allegedly altering tow records to further a client’s false insurance claim. Albadawi and Zeinaty are co-owners of All Desert Towing, a commercial […]
San Antonio Collision Repair Shop Owner Sentenced to Two Years in Jail for Forging Customer Signature on Claim Check
The Texas Department of Insurance San Antonio body shop owner Arturo Martinez was sentenced to two years in state jail on February 27 after an investigation by the Department found he had cashed insurance claim checks without repairing his client’s car. TDI fraud prosecutor Nicole Thornbro says the car was taken to Martinez’s shop after […]
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