Topic
Associations
IBC posts its ‘fraud follies’ for 2012
March 21, 2012 by Canadian UnderwriterWith insurance fraud in the spotlight, the Insurance Bureau of Canada (IBC) recently released its highlights of head-scratching antics by scam artists. “There’s nothing funny about insurance fraud,” the IBC noted. “But sometimes you can’t help but laugh at some…
IBC launches new iPad app to help Canadians learn how to prevent water property damage
March 19, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has launched the Dry House Challenge iPad app to help Canadians learn how to prevent water damage to their properties. Based on recent estimates, the Canadian insurance industry pays $1.32 billion each year in claims…
IBC revamps website to highlight anti-fraud content
March 6, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has revamped its social media site to make the fraud-related content more prominent. The site, http://getintheknow.ibc.ca/, provides resources to help Canadians understand the issue of fraud recognize the red flags associated with scammers. IBC’s Twitter…
MarketPlace
March 1, 2012 by Canadian UnderwriterCanadian Market IBC tours Atlantic Canada with climate change adaptation message Insurance Bureau of Canada (IBC) took its message of climate change adaptation to Atlantic Canada in February. Speaking to the Saint John Board of Trade on Feb. 22,IBC president…
Toronto police arrest 37 people and lay 130 charges following insurance fraud ring investigation
February 23, 2012 by Canadian UnderwriterToronto Police have arrested 37 people and laid 130 charges in connection with Project Whiplash, an investigation into an alleged insurance fraud ring that resulted in insurance payouts totaling $4 million. Police say the ring featured staged auto collisions, false…
Water damage in New Brunswick almost quadruples in four years: IBC
February 22, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) took its message of climate change adaptation to New Brunswick, where data insured water damage losses have almost quadrupled in four years. Speaking to the Saint John Board of Trade on Feb. 22, IBC president…
IBC sponsors access to staged collision course for police officers
February 1, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) and the Canadian Police Knowledge Network (CPKN) are sponsoring free access for the remainder of 2012 for Canadian frontline police officers to a course on identifying staged collisions. Staged collisions, in which accidents are orchestrated…
IBC encourages homeowners and tenants to do inventory of belongings
February 1, 2012 by Canadian UnderwriterCanada’s home, auto and business insurers are reminding homeowners and tenants to keep track of their possessions.“Often, home insurance policies automatically renew each year and consumers may not even think about what their policies cover,” Doug Noble, the Insurance Bureau…
IBC meets with City of Ottawa to discuss rates after city’s infrastructure improvements in flood-prone area
January 25, 2012 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) met with city staff and an Ottawa councilor to discuss the potential impact of the City of Ottawa’s efforts to reduce the risk of flooding in its west end of Kanata, yourottawaregion.com reports.Ottawa dedicated…
Insurance companies turning down increasing number of requests for assessment and treatment of auto injuries: health care providers
January 19, 2012 by Canadian UnderwriterInsurance companies in Ontario are now turning down an increasing percentage of requests for the assessment and treatment of serious (non-minor) injuries sustained by motor vehicle accident victims, according to a survey of Ontario rehabilitation providers.The Alliance of Community Medical…
IBC takes issue with false conclusions drawn from Ontario auditor general’s report about 12% rate of return
December 19, 2011 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has taken issue with false conclusions drawn from a statement in the 2011 Annual Report of the Ontario auditor general, which says the Financial Services Commission Ontario (FSCO) should reconsider its benchmark of a 12%…
2009 Toyota Venza tops list of cars stolen in Canada
December 14, 2011 by Canadian UnderwriterThe 2009 Toyota Venza has trumped the 2000 Honda Civic SiR as the most frequently stolen vehicle in Canada in 2011, reports the Insurance Bureau of Canada (IBC). Also, many of the stolen vehicles are showing up in the local…