Insurance fraud in Florida has been one of the main drivers of the ballooning losses that have fallen on the reinsurance industry in recent years. (Credit: designer491/Shutterstock)
Fraud drives up costs for all customers, leaving them to cover the shortage. The more insurers can crack down on system abuse, the more they can help stabilize the market for customers in the long-term. AI and historical aerial imagery can help insurers with this goal and prevent similar situations breaking out elsewhere in the global insurance markets.
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