Artificial intelligence is enabling sophisticated insurance fraud schemes that cost the U.S. economy $308.6 billion annually, with fraudsters creating fake documents, photos, and identities that pass initial reviews, ultimately driving up premiums for all drivers.
fraud prevention
Florida Insurance Fraud Costs Drivers Millions
Two Orlando contractors received federal prison sentences for a decade-long workers’ compensation fraud scheme that cost insurers $14 million, highlighting how construction industry fraud impacts insurance costs for all drivers and businesses in Florida.