4WARN

Insurance premiums are soaring like all other expenses, but the reason goes far beyond inflation.   A big driver is excessive litigation, or what we call “tech-enabled claims instigation.” This practice is riddled with opportunism, and disrupting the insurance industry in ways that deeply harm consumers.    In our latest article, CEO Todd Kozikowski explains how this happens and why it’s bad for policyholders: https://lnkd.in/eu4H_4eB

How have injury claims been impacted by social inflation? Our co-founder and CEO Todd Kozikowski speaks on this trend to medical insurance professionals and special investigators today in Cincinnati, Ohio. Thank you to the Ohio chapter of the International Association of Special Investigation Units for hosting us as well as The Cincinnati Insurance Companies

We're excited to finally introduce ourselves! At 4WARN, we’re dedicated to protecting businesses—and by extension, consumers—from the growing impact of harmful insurance claim practices. These modern-day "ambulance chasing" tactics siphon millions from the risk management ecosystem. In short, 4WARN is here to keep the insurance industry sustainable. Curious about how we're making a difference? Check out our new FAQ article to learn more: https://lnkd.in/euuvQSmp

We were in Louisiana this week sharing our analysis of the state's insurance landscape. The results: Nearly 325 opportunists collectively spent $100 million targeting insurance companies in the past year. This resulted in more lawsuits in property, casualty, and auto insurance. Todd Kozikowski also discussed the role of AI in tech-enabled claims such as deep fakes to target policyholders across the country. #LDI2024

Our new report on tech-enabled claims instigation shows opportunistic firms are also targeting transportation and logistics companies. Thank you Carrier Management for sharing this information on how tech-enabled claims instigation leads to higher costs for insurers, which are then passed down to the companies they represent. "Tech-enabled claims instigation drives social inflation and nuclear verdicts, making insurance less available and affordable, according to the analysis." See the full analysis: https://lnkd.in/e9wJvJJC

Coming up Wednesday: Todd Kozikowski will speak at the Louisiana Department of Insurance Conference about the dark side of SEO and possible solutions. Todd will join the panel discussion "Innovation Fights Back" to address the SEO pillar of tech-enabled claims litigation. Panelists will look at solutions for companies and how consumers can protect themselves. #LDI2024 Check out the full agenda: https://lnkd.in/eEj-5V2W

In a new Bankrate article from Shannon Martin, we shared our thoughts on social inflation and how AI is making it easier for opportunistic law firms: “AI provides individuals with no coding knowledge the tools to target people, companies and, of course, websites. This leads to the scalability of numerous cyberattacks, as well as the ability to publish large volumes of targeted SEO content,” said CEO and co-founder Todd Kozikowski. Check out the full article to learn more about social inflation: https://lnkd.in/eKEDy8vq

How did 4WARN get its start? In 2022, we investigated the targeting tactics of opportunistic law firms in Florida. But this led to a nationwide discovery: nearly all insurers and lines of insurance were being targeted. Check out the latest article from Reinsurance News to learn more about the business model of tech-enabled claims instigation, how it is targeting all lines of insurance, and the other contributing factors like litigation financing. https://lnkd.in/euGTP9th

How did 4WARN get its start? In 2022, we investigated the targeting tactics of opportunistic law firms in Florida. But this led to a nationwide discovery: nearly all insurers and lines of insurance were being targeted. Check out the latest article from Reinsurance News to learn more about the business model of tech-enabled claims instigation, how it is targeting all lines of insurance, and the other contributing factors like litigation financing. https://lnkd.in/euGTP9th

In June 2023, 4WARN informed our clients that we found data leading us to believe doxo was using misleading search ads and targeted SEO to impersonate the premium payment portals of insurance companies to attract consumer payments. Many of our clients were impacted, with consumers paying millions in additional fees. Some of our insurance clients even cancelled policyholders when payment was mistakingly made to the misleading portal. 4WARN advised our clients to review all received payments and will continue to monitor activity related to doxo's targeting practices. We recently learned that the Federal Trade Commission is taking action against doxo for these practices. We are proud to have alerted clients nearly one year before the FTC’s legal action. See more: https://lnkd.in/eWHyunji