Sending Fraud-related PIP Claims to Arbitration Will Have 'Massive' Effects on Insurance Industry, Allstate Tells NJ Justices “This case is not about hindering PIP fraud prevention through IFPA and ...

“In Carteret we held that claims under the Fraud Act and related tort or statutory claims, including complex fraud and kickback claims, are not subject to PIP arbitration,” the appellate division ...

An Oklahoma judge denied State Farm's motion to dismiss, allowing the state's attorney general to intervene in a lawsuit alleging company-wide fraud.

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 ...

Insurers in the U.S. lose roughly $308 billion to fraud per year—nearly 25% of the industry’s total value. Within the property and casualty and auto insurance sectors alone, annual fraud losses can ...

The company is facing criticism and lawsuits for its style of claims investigations. CURE defends its strict practices as necessary to combat fraud and keep insurance affordable for honest customers.

IRDAI reduces health insurance moratorium to five years, boosting policyholder protection and trust. Galaxy Health Insurance welcomes the regulatory change.