Insurance fraud reports in South Korea lead to 3,264 detections, with 1.52 billion won in rewards paid out, highlighting efforts to combat fraudulent insurance claims
#YonhapInfomax #InsuranceFraud #FraudDetection #RewardPayments #AutoInsurance #FinancialSupervisoryService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59920
Insurance Fraud Reports Lead to 3,264 Detections Last Year, Rewards Total 1.52 Billion Won

Insurance fraud reports in South Korea lead to 3,264 detections, with 1.52 billion won in rewards paid out, highlighting efforts to combat fraudulent insurance claims

Yonhap Infomax
Financial Supervisory Service to Hold Insurance Crime Investigation Council with 18 Provincial Police Agencies

FSS collaborates with police agencies to combat rising insurance fraud, focusing on organized schemes involving medical staff and brokers

Yonhap Infomax

@MeanwhileinCanada I've been saying this, some of these fires are vandalism (necessary vandalism) but a lot could be business owners getting rid of stock they know they aren't going to sell now.

Capitalism will be Capitalism....

#TeslaTakedown #Tesla #InsuranceFraud

They can get more for their Tesla from their insurance company than on the resale market.

#BurningTeslas #InsuranceFraud

@tomwellborn3.bsky.social

#Aetna is suing Radiology Partners alleging the country’s largest imaging group executed a “multiphase healthcare fraud scheme” in #Florida. #InsuranceFraud #HealthInsurance https://buff.ly/4a402j2
CVS-owned insurer Aetna sues Radiology Partners alleging multiphase ‘fraud scheme’

The Hartford, Connecticut-based payer filed the complaint in Florida Middle District Court, alleging the actions defrauded it of "tens of millions." 

Radiology Business
A former employee of the Maryland Department of Labor has been sentenced to 18 months in jail for felony theft and insurance fraud
#justice #CrimeNews #crimeupdate #Maryland #insurancefraud
https://newsmeapp.com/former-maryland-state-employee-sentenced-for-theft-and-insurance-fraud/
Former Maryland State Employee Sentenced for Theft and Insurance Fraud - Wick & Co. News Media

Shanell Angelia West, 46, of Essex, Maryland, was sentenced on Wednesday by Judge Robert E. Cahill, Jr. of the Circuit Court for Baltimore County. West had pleaded guilty in October 2024 to charges related to a theft scheme and insurance fraud, actions that took place during and after her tenure with the state agency.

Wick & Co. News Media
#InsuranceFraud has an economic impact of $308.6 billion annually for U.S. consumers and businesses, equaling about $932 annually for every American and more than $70,000 over a person's lifetime. #NotVictimless https://buff.ly/4ialFC5
#InsuranceFraud prevention remains a top priority, and #AI has brought opportunities and risks in the fight against it. https://www.beckerspayer.com/payer/what-are-the-insurance-commissioners-talking-about-5-healthcare-notes.html
What are the insurance commissioners talking about? 5 healthcare notes

#CMS says its efforts are working, pointing to the 30% drop in complaint casework. The agency also noted a 90% drop in the number of times an agent’s name was replaced by another’s. #OpenEnrollment #InsuranceFraud #HealthInsurance https://kffhealthnews.org/news/article/anti-fraud-aca-enrollment-period-test-cms/
Anti-Fraud Efforts Meet Real-World Test During ACA Enrollment Period - KFF Health News

The federal government put guardrails in place to limit unauthorized plan sign-ups and switches. But the changes could prove to be a burden to consumers.

KFF Health News