Introduction
Revolutionary technology can carry significant consequences. Artificial Intelligence (AI) is no exception.
Before AI, fraudsters needed sophisticated technical skills to execute their schemes. It was common to see photoshopped receipts, doctored videos, and other manipulated “evidence” used to support a deceptive claim. Now, swindlers no longer need sophisticated technical skills. With a few keystrokes in a generative AI system, fraudsters can generate professional-quality fake receipts, videos, photographs, or audio recordings.
The Rise in Insurance Fraud
Property and casualty insurance fraud costs an estimated $45 billion annually (including home, auto, and business insurance). In addition, between 10% and 20% of
Continue Reading Artificial Intelligence: An Unlikely Culprit in Insurance Fraud

