Rochester, N.Y. (WHAM) — New York state residents pay the highest auto insurance rates in the country, according to Gov.

Fraud is a persistent problem for the insurance industry, and it’s one we all pay for. The Coalition Against Insurance Fraud estimates it costs insurers $308.6 billion a year industrywide, leaving ...

An aging population combined with increased usage of long-term care insurance means more opportunity for misuse of funds and fraud, waste and abuse. That was the word from Jeff Ferrand, vice president ...

COLUMBIA, S.C. (WCSC) - A national study found insurance fraud costs Americans more than $300 billion every year. And experts warn everyone’s premiums are going up because of it. A new committee ...

In 2023, traditional identity fraud cost banks, credit unions and financial institutions $23 billion, an increase of 13% from the year prior. New account fraud and account takeover fraud accounted for ...

New research reveals that insurance fraud has seen the largest percentage increase of any sector over the past seven years, growing by a staggering 211% since 2017. Plastic card fraud remains the most ...