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Top related persons:
— - 2 — Ruben Tamrazian - 1 Vahe Muradkhanyan - 1 Alfiya Zuckerman — - 1 Royce - 1 Mark Friedlander - 1 Friedlander - 1 they're - 1
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California Los Angeles Ararat Chirkinian Lake Arrowhead , California San Bernardino California , New York Florida United States
Top related orgs:
Service - 2 Coalition Against Insurance - 2 California Department of Insurance - 1 CDI - 1 California Department of Fish - 1 Wildlife - 1 San Bernardino County - 1 Insurance Information Institute - 1

Search resuls for: "Coalition Against Insurance"


2 mentions found


☆ Car owners claimed a bear trashed their Rolls-Royce. Insurers say it was fraud involving a person in a bear suit.
  + stars: | 2024-11-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com   time to read: +3 min
The California Department of Insurance said the "bear" was actually a person in a costume. AdvertisementFour Californians said a bear damaged their luxury car, but insurers have accused them of insurance fraud involving someone dressed in a bear costume. However, CDI investigators determined that the "bear" in the footage was actually a person wearing a bear costume, the press release said. Insurance fraud is a major issue in the US. According to the Coalition Against Insurance Fraud, it costs the country over $300 billion annually.
Persons: —, — Ruben Tamrazian, Vahe Muradkhanyan, Alfiya Zuckerman —, Royce, Mark Friedlander, Friedlander Organizations: California Department of Insurance, Service, CDI, California Department of Fish, Wildlife, San Bernardino County, Coalition Against Insurance, Insurance Information Institute, Fox Business, US Bureau of Labor Statistics Locations: California, Los Angeles, Ararat Chirkinian, Lake Arrowhead , California, San Bernardino, California , New York, Florida
☆ Insurance companies are betting on AI and mass data analytics in a battle against fraud that costs billions
  + stars: | 2023-10-24 | by ( Amanda Paule | ) www.businessinsider.com   time to read: +9 min
AdvertisementAdvertisementLosses from insurance fraud are nearly double what they were 30 years ago. Scott Clayton, the head of claims fraud at Zurich Insurance Group. AdvertisementAdvertisementOn the other hand, around 40% of fraud is premeditated, and these cases can cost insurance companies upwards of €3,000, or around $3,170, according to the study. But the Insurance Fraud Detection Market is expected to grow from $5 billion in 2023 to $17 billion in 2028. AdvertisementAdvertisementIn the past 10 years, various third-party developers like Friss, IBM, and Shift Technology have started tailoring machine-learning systems to insurance companies.
Persons: —, they're, Alan Turing, It's, Scott Clayton, shallowfakes —, Clayton, I'm, we'll, Arnaud Grapinet, he's, Grapinet, it's, Rob Galbraith, Jennifer Lindberg, Rob Morton, Galbraith Organizations: Service, Coalition Against Insurance, Zurich Insurance, AXA Research Fund, Technology, IBM, Employees Locations: United States, Spain
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