Tapping the Benefits of Text Mining for Fraud February 21, 2013Text analytics can bridge the gap between structured and unstructured data, opening up the benefits of text mining for fraud detection. How Predictive Modeling Exposes Claims Scams January 30, 2013Universal American has saved millions using a FICO predictive modeling tool to uncover fraud. Here's how. Mercury Insurance Torches Car to Illustrate and Study Fraud December 07, 2012From personal experience, I've long known that insurance fraud was what might be called a "burning issue" for insurers and society at large, so it is perhaps appropriate that Mercury Insurance should torch a car — and send us a pretty awesome image & Nationwide Continues Buy Strategy, Adding Detica NetReveal for Fraud December 06, 2012The software "networks and scores related entities and records within a company’s data to expose networks of suspicious activity," according to a statement Cost Shifting: A Fresh Look at Soft Fraud November 25, 2012While safety has increased and frequency of injury has decreased, severity of injuries has increased, suggesting that medical providers are shifting costs from government and private health payers to casualty insurers. Most Insurers See Predictive Analytics as Key to Fraud-Fighting: FICO/PCI Survey October 04, 2012Other technologies highlighted as key to stopping fraud included link analysis, business rules and external databases. Big Data: The Future of Insurance Fraud Prevention October 01, 2012Combined with predictive analytics and link analysis, big data offers insurers a powerful antifraud tool. Great American, GuideOne Win Innovation Awards from SMA September 24, 2012Effective leveraging of next-generation technologies was key to the companies being recognized. Insurers Must Cooperate More to Fight Fraud September 10, 2012The P&C industry needs to improve data sharing to effectively fight claims fraud, Deloitte says. Operationalizing a Fraud Detection Solution: Buy or Build? August 20, 2012Homegrown solutions allow total control over development, but insurers often discover that the total cost of ownership for a fraud detection solution is lower with a vended solution. How GAINSCO Combats Fraud August 03, 2012Fraud is a persistent problem for insurers, but the tools to fight it are gaining sophistication as well. Now What? Figuring Out the Impact of the Supreme Court's Surprising Ruling on the Affordable Care Act June 28, 2012For health insurers, the potential implications or the High Court's ruling upholding most of the ACA could affect everything from premium rates to fraud detection efforts to stock performance. SAS Inks Allstate, Mutual of Enumclaw May 15, 2012Fraud-fighting is a key driver behind both insurers' selections. Santam Says Saved Big on Fraud With IBM Partnership May 11, 2012The South African insurer reports $2.4 million in savings on fraudulent claims in the first four months of using IBM analytics. Facebook Users Expose Too Much to Insurers: Consumer Reports May 04, 2012The organization says that insurers could "use against" policyholders the fact that they "like" a page about "health conditions or treatments." But is that all insurers get out of social? Fighting Fraud: Predictive Analytics & Business Rules Make a Powerful Combination March 19, 2012Technology designed to manage insurance claims fraud, waste and abuse (FWA) has evolved a great deal in recent years, but there is much room for improvement. Incorporating automated business rules into a fraud management program that anticipates certain ty Q&A: A Chief Claims Officer Talks Social Media Risks March 01, 2012Mercury Insurance chief claims officer Joanna Moore says that consumers must get smarter about what they post online. Companion P&C Selects GlobalOptions as SIU January 30, 2012The commercial carrier will be provided with regulatory compliance, as well as fraud training, reporting, and investigation services. Allstate Files $6.3 Million Fraud Suit in N.Y. December 21, 2011This is the seventh suit the P&C carrier filed in New York this year. Concerns Persist on Insurance Company Social Media "Spying" November 17, 2011Some people out there understand insurers' actions, but carriers need to do a better job of communicating the impact of fraud to the general public and honest policyholders in particular.