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Last updated on April 17, 2014 at 10:33 EDT

Latest Insurance fraud Stories

2013-07-13 23:03:18

Skilled digital forensics analysts work to uncover evidence of insurance fraud Houston, TX (PRWEB) July 13, 2013 McCann Investigations, a private investigations firm based in Texas, recently announced its set of insurance fraud investigation services. McCann’s investigators work to determine whether or not a person has submitted false insurance claims. To do so, the investigator uses a variety of methods, including digital forensics analysis, various types of surveillance and more....

2013-07-11 08:29:05

SAN JOSE, Calif., July 11, 2013 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that FICO(®) Insurance Fraud Manager, the most advanced system for detecting and preventing healthcare insurance fraud, waste and abuse, now natively supports International Classification of Diseases, 10(th) Edition (ICD-10). ICD-10 is the new diagnostic coding system implemented by the World Health Organization for healthcare...

2013-07-04 23:00:29

Kwiksure examines reports that suggest Hong Kong motor insurers experience fewer cases of injury claims fraud than the UK. Hong Kong (PRWEB) July 05, 2013 In the past year, the UK has seen over 60% fraudulent whiplash cases according to the Daily Telegraph. For insurance companies, this means that they are losing an average of a billion pounds a year to false injury claims. This is thought to be the main reason behind insurers raising the price of car insurance premiums by as much as 90...

2013-06-07 12:20:14

Carjackings, insurance fraud and vehicle cloning on the rise in Michigan LIVONIA, Mich., June 7, 2013 /PRNewswire/ -- Auto thefts in Michigan are in a five-year decline, but other forms of vehicle-related crime are on the rise, according to Help Eliminate Auto Thefts (H.E.A.T.), a statewide insurance industry-funded theft prevention program and confidential tip line. "As technology in vehicles increases, and law enforcement continues to successfully put criminals behind bars,...

2013-05-16 08:24:34

Referrals Rise 27 Percent Since 2010, Most from California DES PLAINES, Ill., May 16, 2013 /PRNewswire-USNewswire/ -- In its annual look at questionable claims (QC) in the United States, the analysis released today by the National Insurance Crime Bureau (NICB) reports that in the three-year period from January 1, 2010 through December 31, 2012, there was a 16 percent increase in QCs from 2011 to 2012 (100,201 to 116,171) and a 27 percent increase over the past three years (91,652 to...

2013-05-01 08:22:05

Abandoned Properties, Street Lighting and Critical Infrastructure Targeted DES PLAINES, Ill., May 1, 2013 /PRNewswire-USNewswire/ -- In a new report released today, the National Insurance Crime Bureau (NICB) sees more evidence of pervasive metal theft--overwhelmingly copper--affecting communities across the nation. The report reviews metal theft claims from January 1, 2010 through December 31, 2012. During this period, 33,775 insurance claims for the theft of copper, bronze, brass...

2013-04-10 08:21:22

Stylish Icon Remains a Collector's Dream Car DES PLAINES, Ill., April 10, 2013 /PRNewswire-USNewswire/ -- The '57 Chevy is instantly recognized by auto enthusiasts the world over and equally cherished by discriminating auto thieves as well. Last August, none other than television therapist Dr. Phil McGraw had to be consoled after learning that his '57 Chevy, valued at $100,000 was stolen from a repair shop in Burbank, Calif. It was one of 42 thefts of '57 Chevys reported to law...

2013-04-08 08:32:24

DES PLAINES, Ill., April 8, 2013 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) is pleased to announce that Enservio (www.enservio.com), a leading provider of software, services and analytics to property insurers, has joined the organization as a strategic partner. Hundreds of insurance carriers use the Enservio SaaS claim platform either directly or through business process outsourcing (BPO) services to settle billions of dollars of contents claims each year. In...

2013-03-19 08:32:28

SAP® Fraud Management Analytic Application to Help Companies Detect Fraud Earlier for Reduced Financial Loss and Lower Fraud Investigation Costs LAS VEGAS, March 19, 2013 /PRNewswire/ -- To help companies worldwide address the estimated US$3.5 trillion worth of fraud that occurs every year(1), SAP AG (NYSE: SAP) today announced the SAP® Fraud Management analytic application. Powered by the SAP HANA® platform, SAP Fraud Management aims to enable enterprises across...

2013-03-14 16:20:35

LONDON, March 14, 2013 /PRNewswire/ -- Government proposals to force thousands of injured motorists into small claims court will jeopardise victims' access to fair and appropriate compensation according to Karl Tonks, a partner with Fentons Personal Injury Solicitors [http://www.fentons.co.uk ] LLP and president of the Association of Personal Injury Lawyers (APIL). Karl was speaking following the publication of the consultation 'Reducing the number and cost of whiplash...