In a joint effort to increase public awareness about insurance fraud, the National Insurance Crime Bureau (NICB), Palos Hill, Ill., and the Chartered Property Casualty Underwriters (CPCU), Malvern, Pa., have launched as a Web site, www.stopinsurancecheats.com, to educate Americans about the $30 billion annual property/casualty fraud problem. The consumer-oriented site features educational and interactive pages that provide an overview of insurance fraud scams in the United States, including information on fraud's cost to consumers, a "name that fraud" glossary, prevention tips, links to related Web sites and details on how the insurance industry fights back.
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Automation and AI offer ways to tailor the shopping and management experience, but the digital interaction must be balanced with human support.
October 16WoodmenLife -
Consumer-facing applications like chatbots and personalized product recommendations make interactions faster, more tailored and more transparent.
October 16TheZebra.com -
Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners.
October 16 -
Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.
October 16 -
AI is transforming every aspect of insurance from claims to underwriting, allowing carriers to personalize policies to customers' needs.
October 15Newgen Software -
Preliminary insured losses for the first nine months of 2025 already stand at about $105 billion, according to a report Wednesday by Gallagher Re.
October 15