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Minnesota Commerce Department | October 12, 2018

Two Minnesota chiropractors have been sentenced to prison for their roles in separate multi-million-dollar insurance fraud conspiracies, the Minnesota Commerce Department announced. Adam John Burke, age 34, of Minneapolis, was sentenced to 90 months in prison. Preston Ellard Forthun, age 40, of Bloomington, was sentenced to 60 months in prison....

Chatbots | March 09, 2018

Chatbots are quickly gaining popularity in the insurance industry. Insurance buyers are getting used to making their initial transactions in cyber space before engaging with human advisors for more bespoke guidance. Chatbot technology is a quick and efficient way to get the insurance process started and a useful data collection tool for insurance carriers or brokers....

US Justice Department | July 03, 2018

An insurance salesman in Newington, CT has been sentenced to 70 months in prison for attempting to bilk the IRS out of $14 million. According to the Tax Division of the US Justice Department, Terry DiMartino was convicted in March 2016 of one count of corruptly interfering with the due administration of the internal revenue laws, two counts of filing false tax returns and five counts of willfully failing to file tax returns....

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...