Live Insurance News

Florida may do away with its no fault auto insurance system

December 28, 2015December 27, 2015 S.Vagus

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

Health insurance scams are targeting consumers in Texas

December 10, 2015December 9, 2015 Nordstrom

Texas consumers are facing a new wave of scams that could leave them exposed to risks Low-income individuals living in Texas are being targeted by scams that seek to profit off their enrollment in the state’s health insurance exchange, as well as enrollment in HealthCare.gov. Enroll America, a non-profit organization offering free information concerning the enrollment process, has noted that there has been an increase in the sales tactics used to target low-income consumers. The organization suggests that many of these practices could actually be illegal as scammers are charging…

Auto insurance fraud is a costly problem in Ireland

December 3, 2015December 1, 2015 Logan B.

Report highlights the growing costs associated with auto insurance fraud Auto insurance fraud is beginning to weigh on consumers in the United Kingdom. According to the Automobile Association, Ireland is feeling a significant degree of financial pressure caused by fraud. A recent report from the organization shows that, on average, drivers are paying approximately $50 more a year on their coverage, largely due to the fact that insurers are attempting to recover from the financial losses they experience as a result of fraud. Anti-fraud system has not yet been launched…

Fraud is delivering a blow to health insurance exchanges in the US

November 25, 2015November 24, 2015 Marc

Health insurance exchanges are working to fight fraud Fraud in health insurance exchanges throughout the United States may draw more criticism toward the Affordable Care Act. The federal health care reform law was meant to bring health insurance coverage to millions of people through the establishment of exchange marketplaces. While the law has succeeded in this endeavor, these exchanges are struggling to combat fraud coming from those that want coverage and want to take advantage of the electronic system governing these exchanges. Brokers are using fictitious information to enroll individuals…

Enservio Enhances Flagship Claim Management Solution with Real-time Fraud Detection

November 19, 2015 PR Article

Claims adjusters working on the job have something unique they can add to their toolkit: A way to root out potential fraud as it happens. Enservio, Inc. today introduced a new option for its flagship ContentsExpress™ contents management solution that equips claims professionals with a fraud detection capability that identifies and scores fraudulent claim items while claim items are being recorded and processed. ContentsExpress, with this new fraud detection option, targets soft or opportunistic fraud for home contents claims relating exclusively to theft. The fraud detection technology is based on…