Fraudulent Claims in Class Actions Plummet by Over 40% in Historic Shift, Reveals 2025 Digital Claims Report
Phoenix, Arizona – A significant decrease in claims showing signs of fraud has been reported in class action and mass tort lawsuits for 2024, according to the latest findings from the Annual Report on Digital Claims released by Western Alliance Bank and its subsidiary, Digital Disbursements. The report indicates that claims flagged for substantial fraud indicators dropped over 40%, plummeting from nearly 81 million in 2023 to approximately 48.3 million in 2024. This marked decline represents a notable first in the annual assessments conducted by Western Alliance Bank, particularly following a staggering 19,000% surge in … Read more