INSURASALES

GEICO Workforce Cuts and AI Integration Mark Strategic Insurance Industry Shift

GEICO reduces workforce by over half while boosting underwriting earnings and expanding operations, reflecting broader insurance industry trends towards AI and digital modernization.

World Insurance Associates Acquires Christopher Williams Agency, Expands in New York

World Insurance Associates LLC acquires Christopher Williams Agency and Barrett Millard LLC, enhancing its insurance services and expanding its presence in the Rochester, NY market.

Multi-State Unemployment Insurance Fraud Gains $4M in Pandemic Assistance Funds

A Pontiac man pleaded guilty to orchestrating a multi-state unemployment insurance fraud scheme involving over $4 million in Pandemic Unemployment Assistance funds. This case underscores enforcement efforts against fraud impacting state unemployment programs.

Federal Charges and Guilty Plea in $10M COVID-19 Unemployment Benefits Fraud Scheme

A Nigerian man pleaded guilty to charges related to a $10 million COVID-19 unemployment benefits fraud scheme involving multiple states and sophisticated identity theft and cryptocurrency tactics. DOJ enforcement and task force coordination highlight pandemic relief program vulnerabilities.

Grand Rapids Emerges as Growing Hub for Insurance Industry with Strong Job Growth

Grand Rapids sees robust growth in insurance industry jobs and businesses, driven by major employers like Acrisure and Farmers Insurance, with significant downtown corporate relocations enhancing the market.

ReSource Pro and Ascend Unveil AI-Enhanced Direct Bill Commission Reconciliation

ReSource Pro partners with Ascend to enhance Direct Bill Complete with AI-driven automation, reducing costs and improving accuracy in insurance commission reconciliation for brokerages.

ReSource Pro Integrates AI to Enhance Direct Bill Commission Processing

ReSource Pro integrates Ascend's AI technology to streamline direct bill commission reconciliation, reducing manual work and improving accuracy for insurance brokerages.

Nigerian National Pleads Guilty to $10M COVID-19 Unemployment Benefit Fraud Scheme

A Nigerian national pleaded guilty to a conspiracy that defrauded $10 million in COVID-19 unemployment benefits across multiple US states, involving identity theft and cryptocurrency laundering.

Michigan Man Pleads Guilty to Multi-Million Dollar Unemployment Fraud Scheme

Terrance Calhoun, Jr. pleads guilty to unemployment insurance fraud involving millions across multiple states, highlighting regulatory enforcement challenges in Michigan.

CentraLife Innovates U.S. Life Insurance with AI-Driven Custom Wealth Solutions

Mohamad Ali Hamade's CentraLife is transforming U.S. life insurance with AI-powered, personalized wealth-building policies tailored to high-income earners and entrepreneurs. Discover how fintech innovation is reshaping the insurance landscape.