Keyword
fraud
FBI warns of dramatic increase in business email compromise scams, says US$2.3 billion lost over two-year period
April 8, 2016 by Canadian UnderwriterThe Federal Bureau of Investigation (FBI) in the United States has issued a warning of a “dramatic” rise in “business email compromise” scams (BEC) that has resulted in massive financial losses in U.S. cities. From October 2013 until February 2016,…
IBC congratulates police for laying charges in staged collision investigation in Ontario township
April 7, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is congratulating the York Regional Police (YRP) for laying charges in connection with an alleged staged collision in the Township of King, Ontario. Investigators with the YRP Major Collision Investigation Unit laid charges against…
SGI CANADA issues warning over “mystery shopper” scam
March 28, 2016 by Canadian UnderwriterSGI CANADA is warning consumers about a “mystery shopper” scam involving fraudulent cheques that appear to be issued by SGI CANADA. Targeted individuals receive a letter from a third party claiming to be contracted by, and on behalf of SGI…
Delving Deeper
March 1, 2016 Debbra Macdonald, President; and Jason Mandlowitz,Chief Executive Officer and Vice President, Administration, 3C Investigations Inc./ International Multi-Cultural Background Information ServicesThere is a need for enhanced international, multicultural information services as part of current efforts by those in the property and casualty insurance industry to combat fraud. Casting a wider net on what information is collected and considered may be one way to address what looks to be a growing problem.