Insurance fraud technology now includes artificial intelligence

Insurance fraud technology - Artificial Intelligence Tech

Insurers are looking to A.I. and machine learning to help spot suspicious claims in all new ways. Insurance fraud technology is looking all the more futuristic these days with the introduction of artificial intelligence. Machine learning is helping the insurance industry to identify suspicious-looking claims. Moreover, A.I. can also make its way through social media posts to identify signs of fraud. Fraudulent activities can include anything from falsified claims to sketchy brokers, and it’s expensive. The FBI estimates fraud is costing insurance customers over $40 billion per year. The industry…

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Insurance fraud fighting gets a boost in North Carolina

Insurance Fraud - North Carolina Boosts number of Insurance Fraud Agents

The state’s Insurance Department has added 15 agents to its team of scam hunters. The North Carolina Department of Insurance has announced the expansion of its insurance fraud investigation team. Fifteen new special agents will take part in criminal investigations. North Carolina Insurance Commissioner Mike Causey made the announcement. The additional insurance fraud investigating team members have doubled the previous size of the department, said Causey. The N.C. Insurance Commissioner has implemented a new strategy for eliminating scams and fraudulent activities involving insurance in North Carolina. The expansion of the…

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Professional Claims Solutions (PCS) Investigation Leads to Insurance Fraud Arrest/Conviction in Passaic County

video insurance fraud

Professional Claims Solutions (PCS) VCWC (Video Camera and Witness Canvass) Investigation uncovered a staged pedestrian accident. PCS conducted a thorough Video Surveillance Canvass and located a camera over two blocks away on a Passaic Housing Authority building that captured the staged accident.  Upon the completion of the investigation, the individual depicted in the below video link was subsequently arrested and prosecuted for ‘Insurance Fraud’ by Passaic County Prosecutor’s Office.  These types of investigations and companies like PCS are playing a major role in keeping insurance premiums as low as possible. Having video of an…

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Canadian auto insurance fraud is racking up a massive $2 billion annual bill

auto insurance fraud

According to a recent report, many Canadians are regularly scamming their insurers, forcing premiums up. A new Aviva Canada report revealed an auto insurance fraud trend costing insurers $2 billion every year. This added expense to insurers is leading them to increase premiums to compensate for the fraudulent claims payments. Drivers across the country are being forced to pay for an incredible $2 billion in added fraudulent expenses. The Aviva Canada report was published under the title “Crash, Cash and Backlash: Aviva Fraud Report 2017.” It pointed out that honest…

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Recent insurance fraud investigation puts high-ranking Philadelphia fire official in jail

Yolanda Stallins Insurance Fraud Investigation

Yolanda Stallings, a 14 year veteran of the Philadelphia Fire Department was arrested, facing several charges. A recent insurance fraud investigation brought investigators to an unexpected source: a highly respected, upper ranking Philadelphia fire official. The Philadelphia Fire Department’s (PFD) website had yet to be updated by the time this article was written. It stated that the accused, Yolanda Stallings, has been with the PFD for 14 years and is an “Executive Chief of Strategic Planning.” Stallings is also the first African American woman to be a PFD Executive Team…

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