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What You Need To Know About Car Insurance Fraud

February 5, 2021February 5, 2021 Guest Author

While you may typically think of car insurance as a way to protect you in case of an accident, others may look at car insurance as a way to make money off of others. Car insurance fraud occurs when someone purposely tries to gain money or benefits that they know they are not eligible to receive. Even if you do not participate in car insurance fraud, you can still be a victim of someone who does. By understanding these facts about car insurance fraud, you will be able to protect…

Enservio rolls out ContentsAnalyzer Fraud Detection Solution for Insurers

September 14, 2015 PR Article

First fraud detection system that scores at the claim-line level during claims processing NEEDHAM, Mass. – September 14, 2015 – Enservio, Inc. today introduced ContentsAnalyzer™, the industry’s first and only fraud detection solution that identifies and scores fraudulent claim items at the individual line item level in real-time as claims are processed. Available as a monthly service subscription, ContentsAnalyzer targets soft or opportunistic fraud for home contents claims relating exclusively to theft. The anti-fraud tool will eventually support modules to detect fraudulent insurance claims as it pertains to other…

Insurance fraud reaches record heights

June 3, 2014May 31, 2014 Julie Campbell

According to the ABI, in the United Kingdom, fake claims last year topped £1.3 billion. The Association of British Insurers (ABI) has now revealed its latest figures regarding insurance fraud, which have shown that last year bogus claims exceeded £1.3 billion, breaking records from previous years. The vast majority of that total amount came from false or exaggerated claims made on auto policies. The ABI also pointed out that insurance fraud throughout the industry – not just in the auto sector – has been on the rise at a startling…

Telematics Update: Free Webinar – Pinpoint the ROI of UBI in Order to Accelerate Mass Market Adoption

May 8, 2013April 21, 2014 Guest Author

Telematics Update has announced that free registration is now open for the exclusive webinar: ‘Pinpoint the ROI of UBI in Order to Accelerate Mass Market Adoption’. Telematics Update have brought together UBI experts from Progressive, Plymouth Rock and Towers Watson for a webinar to explore the financial and service benefits for insurers and consumers that UBI can yield. The free interactive event will be held on Thursday, May 9, 2013 at 11am (EST) and is open to the entire insurance community! Register here: http://www.telematicsupdate.com/insurance-telematics/webinar.php Top auto insurers Progressive, Allstate and…

Unemployment insurance costs in Idaho continue to grow

September 6, 2012September 5, 2012 Nordstrom

Employers face high unemployment insurance costs due to fraud Employers in Idaho are confronting higher unemployment insurance costs, which may be due to fraudulent benefits, according to the state’s Department of Labor. The agency is now looking to reclaim more than $20 million in misappropriated benefits that have been acquired through fraud. The prevalence of fraud has caused the state’s unemployment insurance costs to skyrocket, putting pressure on employers, some of whom may not be able to afford further boosts in prices. Idaho unemployment fund still under pressure Idaho’s unemployment…