Tag: Claims Processing

Iowa Man Faces Felony Insurance Fraud Charge Over Post-Accident Coverage

Iowa Man Faces Felony Insurance Fraud Charge Over Post-Accident Coverage

A Sibley, Iowa man was charged with felony insurance fraud for adding vehicles to his insurance policy after a July 2024 accident and filing a claim. This case highlights regulatory enforcement and compliance issues in automobile insurance claims.

Medicare Advantage Accelerates Claims Approval for Exoskeleton Devices

Medicare Advantage Accelerates Claims Approval for Exoskeleton Devices

Lifeward reports accelerated Medicare Advantage claims approvals for ReWalk 7 Exoskeleton, improving access and payment timelines in 2025.

Davies Expands Canadian Presence with SCM Acquisition, Advances AI in Claims

Davies acquires Canada's SCM Insurance Services to enhance claims processing with AI-driven automation, expanding its North American footprint and technology capabilities.

Asia Pacific Non-Life Insurers Project Stability and Innovation Through 2026

Asia Pacific non-life insurers are expected to maintain stable margins and strong solvency in 2026, focusing on innovation, cyber governance, and international expansion while managing evolving capital regulations.

Florida Insurance Market Shows Operational Gains Amid Affordability Concerns

Survey reveals Florida's insurance market is operationally improving post-Hurricane Ian but affordability and stability concerns persist for homeowners.

Florida Homeowners Insurance Market Shows Operational Gains Amid Premium Concerns

Survey reveals Florida homeowners insurance market stabilization with faster claims but ongoing premium affordability issues post-Hurricane Ian.

ValueMomentum Named Leader and Star Performer in 2025 P&C Insurance IT Services

ValueMomentum recognized as a Leader and Star Performer in Everest Group's 2025 PEAK Matrix® for P&C Insurance IT services, highlighting its expertise in underwriting, claims, and AI-driven solutions.

J.D. Power Study Highlights Need for Proactive Digital Updates in Insurance Claims

J.D. Power's 2025 study reveals digital insurance claims improve satisfaction but highlights the need for proactive status updates and seamless end-to-end experiences.

AIA Life Uses AI OCR Tech to Detect and Prevent Insurance Fraud

AIA Life Insurance leverages LLM-based AI OCR technology to accelerate claims processing and identify suspected insurance fraud, enhancing consumer protection in the insurance sector.

AI Drives Dividend Growth and Efficiency in U.S. Insurance Sector

Explore how AI integration in U.S. insurance companies is boosting operational efficiency, premium growth, and dividends for investors.