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.

White Rock accused Vesttoo of pocketing millions of dollars in ill-gotten insurance premiums.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

Digital insurance companies could pay more to use banking services that have previously been virtually free as banks tighten regulations and increase prices.

The plea deal ended an embarrassing chapter for the German insurance giant, which agreed to sell the bulk of Allianz Global Investors US to Voya Financial Inc. after the unit was banned for a decade from some fund services in the country.

Synthetic fraud — which combines real and false identifying information — has been a niche variety of identity theft for some time. But recent advancements in artificial intelligence and people's access to it might bring it into the mainstream in a big way.