Disaster fraud post-catastrophe exploits insurance chaos. Insurers must navigate high-frequency losses post-disaster, where fraudsters capitalize on overwhelmed systems. Proactive measures are needed to protect against losses and maintain trust.
Farm Bureaus advocate for farmers and offer modern digital payment options through partnerships like InvoiceCloud's with Georgia Farm Bureau Insurance.
With stock market valuations for some big-name insurtechs taking such a hit, the public perception seems to be that innovation in insurance has paused.
Emerging tech like generative AI poses new fraud risks for insurers. They must adapt with improved security, detection tools, and data management to stay ahead.