fraud prevention News

New York Senate Joins Assembly in Shuttering Auto Insurance Photo Mandate

The New York State Senate has passed a measure (S.6028) that seeks to eliminate the photo inspection requirement for drivers wanting to buy comprehensive and collision auto insurance coverage. The Assembly approved a matching bill in March and the legislation …

Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion

FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves insurers in more than 40 countries currently, and …

Why Predictive Modeling Is Gaining as Fraud Fighting Tool

Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for …

U.S. Issues Tougher Rules for South Florida Check-Cashing Facilities

Federal authorities have issued tough new rules on check-cashing businesses in South Florida as part of the ongoing fight against rampant identity theft and tax fraud. The Treasury Department’s order applies to federal tax refund checks over $1,000 in Miami-Dade …

Tim Cloney Hired as Special Investigations Unit Manager at Investigation Solutions, Inc.

San Diego, CA, 03/06/13 – Investigation Solutions, Inc. (ISI) announces the addition of veteran fraud fighter Tim Cloney to its management staff. Cloney joins ISI as the manager of the Workers’ Compensation Special Investigations Unit and all California field investigators. …