Insurer Admiral has shared some of its customers' attempts to pull the wool over its eyes using AI generated images.

Which seems like a better use of money — more than a decade of federally funded cancer research or one year’s worth of fraudulent insurance claims? The price tags, it turns out, are the same: $80 ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...

More Americans commit insurance fraud than you might think, and many don't even know they're doing it.

AI-edited vehicle photos are becoming a new insurance fraud tool, with Admiral linking a rise in cases to manipulated crash images, duplicate filings, and fabricated claim materials that can raise ...

We all pay for insurance fraud. A 2022 study conducted for the Coalition Against Insurance Fraud concluded that insurance fraud costs Americans $308.6 billion every year. That's $932.63 for every ...

I often talk about how insurance fraud affects your premiums. That’s because according to some estimates insurance fraud adds 20 percent to your insurance bill. What could your family do with an extra ...

Financial fraud loss is on the rise. In 2024, 40% of financial institutions saw an increase in fraud-related losses compared to 2023. The cost of fraud loss for financial institutions goes beyond ...

Fraud is no longer a peripheral threat; it is an endemic and rapidly evolving challenge for financial institutions. As the digital landscape expands, so do the opportunities for sophisticated ...