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Fraud, Murder-for-Insurance and Scams
Fraud, Murder-for-Insurance and Scams in Life Insurance: the news, the names and what changed.
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Life insurance surrender value in 2026: How much you get if you exit early, and what IRDAI wants to change
1+ day, 4+ hour ago (253+ words) IRDAI's consultation paper treats “selling regular premium life insurance products without explaining the consequences of discontinuation of paying premium and the low surrender values” as mis-selling. Only 48% of life policies survive to the 61st month. | Image: Shutterstock ##Surrender value of life…...
Insurer pays out life insurance policy within 24 hours after WBTV steps in
2+ day, 3+ hour ago (289+ words) CHARLOTTE, N.C. (WBTV) - A family told to wait weeks for a life insurance payout had their claim resolved within 24 hours after WBTV contacted TruStage’s communications department. Craig Martin died on Sept. 23, 2026. His family filed the life insurance claim on Sept. 28, 2026. When…...
The changing face of insurance fraud
6+ day, 10+ hour ago (384+ words) This resource was paid for by a contributing third party. The future of fraud may be digital, but the biggest threats facing insurers and their fraud teams today remain surprisingly familiar. Insurance Post’s latest fraud prevention survey, in association with…...
Baltimore Woman Gets Life Insurance After TruStage Outage
6+ day, 2+ hour ago (209+ words) The outage's reach went well beyond life insurance. The same network shutdown halted claims for Guaranteed Asset Protection auto insurance, mechanical repair coverage, payment protection, and retirement account management, forcing credit unions nationwide to field member complaints and build interim…...
Non-life insurance policies issued with forged money receipts: Risk of fund misappropriation, policyholders at risk
1+ week, 9+ hour ago (778+ words) Abdur Rahman Abir: Some dishonest groups in the country’s non-life insurance sector have adopted a new strategy of fraud to evade digital surveillance. Completely forged and digitally manipulated “e-receipts” or money receipts are being created so that large amounts of…...
Gujarat Insurance Complaints: 4,314 Cases Reach Ahmedabad O…
1+ week, 12+ hour ago (218+ words) The Insurance Ombudsman office in Ahmedabad received 4,314 complaints in 2024–25, more than four in five of them about health insurance. The office resolved 4,235 cases, and 1,140 verdicts went in the complainant’s favour. The office’s jurisdiction extends beyond Gujarat to include Dadra and…...
Pakistan???s Insurers Pay Rs548bn in Life, Non-Life Claims in 2025
1+ week, 5+ day ago (351+ words) Insurance companies in Pakistan settled more than one million claims covering motor, accident and health, and fire and property insurance during 2025, according to data released by the Securities and Exchange Commission of Pakistan (SECP) for the first time. The figures…...
Pakistan’s insurers settle over 1mn claims in 2025: SECP
1+ week, 5+ day ago (338+ words) Pakistan’s insurers settled more than one million motor, accident and health, and fire and property claims in 2025, according to figures published for the first time by the Securities and Exchange Commission of Pakistan (SECP). Its Insurance Industry Statistics Report 2025 also…...
9th Circ. Says Pre-2013 Life Policies Needn't Get Lapse Forms - Law360 Insurance Authority
2+ week, 1+ hour ago (117+ words) 9th Circ. Says Pre-2013 Life Policies Needn't Get Lapse Forms Law360 9th Circ. Says Pre-2013 Life Policies Needn't Get Lapse Forms By Hope Patti · September 23, 2026, 2:04 PM EDT /insurance-authority/tracked_cases?case_id=6153b59ae2ecf565046a6331&case_title=Barbara+Linhart+v.+New+York+Life+Insurance+Company+et+al Barbara Linhart v. New York…...
Seeing Risk and Managing Risk Are Not the Same Thing, Says Erwood Group’s Keith Erwood
2+ week, 1+ day ago (118+ words) TheDailyNewsOnline.com Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Sorry, an error occurred. Account processing issue - the email address may already exist Must be at least 8 characters, not…...