third party vendors News

Ransomware Criminals Aiming at Third-Party Vendors in Hunt for ‘Big Game’

Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party vendors and using data exfiltration instead of encryption when making ransom demands, according to a new report by cyber insurer …

Claims Business: Premiere Services, Charlee.ai and BitSight

Cat-Converter Thefts Focus of New Claims Service Premiere Services, a provider of mobile aftermarket auto audio and entertainment systems and wheel replacements, has launched a new business that will focus on replacing stolen catalytic converters. The company, based in Santa …

Claims Examiner’s Scam Allegedly Cost California Health Care Provider $7 Million

A former senior claims examiner for the Kaiser Permanente health plan in California was booked into jail last week on a mail fraud charge stemming from $7 million in invoices that he approved from five private investigation firms. Federal prosecutors …

New Survey Highlights Opportunities for Improving Property Claims Vendor Usage

A new survey highlights opportunities for North American property/casualty insurers to better utilize property claims third party services. Commissioned by BrightClaim, a national claims services provider, and conducted by Ward Group, a provider of benchmarking and best practices studies to …

Outsourcing Claims Functions

This article is part one in a three part series on outsourcing claims handling. Recent discussion on social media sites suggests claims outsourcing may be a new trend; however, industry experts say outsourcing some or all aspects of claims handling …