Shane Riedman, president of anti-fraud analytics at Verisk, will help carriers identify what data can be found on social sites and how it can help make underwriting more accurate.

AI-backed detection tools contributed to a significant spike in the dollar amount potentially saved from fraud this year, according to the Treasury Department.

As home prices rise, leading to larger transaction amounts, Certifid doubled the amount of wire fraud insurance coverage provided for transfers it vets.

A new survey from Digital Insurance is taking the pulse of insurers when it comes to technology's impact on insurance fraud.

Just as cyberattackers appear to be applying the technology to create identities for fraudulent claims, insurers are beginning to talk about how to deploy it to defend against this threat. Gartner, American Family and the Intentional Futures consultancy describe these developments.

Online information creates new opportunities to identify fraud while fraudsters use technology to challenge claims workflows.

Are deepfakes threatening the insurance industry? Some experts suggest a second layer of verification may be needed to combat altered materials in claims processing.

Globe Life; AAA; and more law and legal news out of Maryland and Florida.

The record drop in Globe Life Inc. this week extended a streak of wins for the short-selling group that released a report against the insurance company.

Utilizing AI tools, fraudsters can generate convincing visual and audio simulations of events that never occurred.

AI can help insurers with faster claims analysis and point investigators to possible fraud.

Bad actors have already made use of the new technology to power cyber attacks. The insurance industry can use the same technology to proactively detect attacks, guard sensitive personal data and establish defense patterns and methods.

Azim Esmail of ATB Ventures spoke with Digital Insurance about the use of digital identity technology to guard against vulnerabilities in the decentralized identity approach.

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

Predictive analytics can help insurers retain customers, identify fraud and process claims.

Meet the latest entrants into the 2023 Hall of Shame for their brazen efforts to defraud insurers.

Cybersecurity is a major concern for insurers, with a recent shutdown at AFI due to suspicious network activity showing how close to home a cyber threat can be.

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

Understanding prompt engineering is crucial to fully capitalize on the possibility of the solutions.