September 12, 2024
An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The Case …
December 5, 2022
The Hartford Names Shields Chief Sustainability Officer The Hartford has appointed Terence Shields to the newly created role of chief sustainability officer. Shields will lead the Office of Sustainability as it guides overall environmental, social and governance (ESG) strategy, initiatives …
May 24, 2021
Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.) will have the greatest impact on claims and fraud detection over the next …
December 30, 2020
The year 2020 would not be complete without a recap of America’s worst insurance fraud crimes. Homeless New Yorkers targeted in a $31.7 million slip-and-fall ring. A sober-home mogul trades sex for drugs. A billionaire insurance mogul attempts to bribe …
August 25, 2020
Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two years, the Coalition Against Insurance Fraud reported …
December 11, 2018
The Insurance Fraud Hall of Shame has inducted nine new members. The Coalition Against Insurance Fraud, a group of insurance, consumers and government organizations, reported the following inductees: Burning desire. Two firefighters died when a brick wall fell on them …
April 5, 2018
Oklahoma Insurance Commissioner John D. Doak has been named to the Coalition Against Insurance Fraud‘s executive committee. He was elected unanimously by the Coalition’s executive committee. Doak, who is serving a second straight year as chair of the National Association …
December 30, 2015
Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame. They were enshrined by the Coalition Against Insurance Fraud. The Hall of Shame …
June 17, 2015
Minnesota now has two new laws that allow civil actions against those who commit insurance fraud, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus bill containing the provisions …
May 3, 2013
More Maryland homeowners will avoid a costly trap by predatory contractors thanks to a new law, the Washington, D.C.-based Coalition Against Insurance Fraud said. Maryland Senate Bill 736 was signed into law by Gov. Martin O’Malley on May 2. The …