INSURASALES

Tag: Insurance Fraud

Phishing Scam Targets Consumers with False Unclaimed Life Insurance Claims

A phishing scam falsely claiming unclaimed life insurance policies is targeting consumers, warns the Better Business Bureau. Learn how to recognize and avoid these fraudulent insurance offers.

DOJ Alleges Kickbacks in Medicare Advantage Broker Commissions

The DOJ files a lawsuit accusing insurers and brokerages of illicit kickbacks in Medicare Advantage plan enrollments, raising compliance and regulatory concerns.

Bene Market LLC and Seguro Medico LLC Face Action Over Deceptive Health Plan Sales

Bene Market LLC and Seguro Medico LLC operated deceptive health and dental discount plan sales via a call center, raising compliance issues in insurance marketing.

Shelter Insurance Enhances Fraud Detection with AI-Powered Shift Claims Tool

Shelter Insurance adopts Shift Technology's AI-driven fraud detection tool to improve identification and investigation of auto and property insurance fraud, boosting operational efficiency and fraud mitigation in 20 U.S. states.

Michigan Medical Innovation and Auto Insurance Fraud Legislation Updates

Henry Ford Health and MSU launch a Detroit medical research center amid a $3B project; CURE Auto Insurance discusses market innovation and fraud legislation in Michigan.

Medicare Advantage Increases Government Costs, Not Saves Them, Reports Show

Medicare Advantage programs increase government spending by $84 billion annually due to payment structures and upcoding, impacting Medicare's fiscal sustainability.

Vault Medical Services Settles $8M Covid Testing False Claims Case

Vault Medical Services agrees to pay $8 million to settle false claims related to Covid-19 testing reimbursements under the federal Uninsured Program, highlighting compliance challenges in pandemic healthcare billing.

Lori Daybell Murder Conspiracy Trial Highlights Insurance Motive

Coverage of Lori Daybell's murder conspiracy trial in Maricopa County reveals life insurance as a key motive. Prosecutors and defense present conflicting narratives as jury deliberation begins.

Florida Executive Pleads Guilty in $134M ACA Subsidy Fraud Scheme

A Florida executive pleaded guilty in a $134M fraud scheme involving falsified ACA insurance subsidy applications, highlighting ongoing regulatory enforcement in healthcare.

Utah Insurance Department Warns of WhatsApp Scam Selling Fake Auto Policies

Utah's Department of Insurance alerts drivers to WhatsApp scams selling fake auto insurance policies amid rising premiums. Learn about the risks and market impact.