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fraud


News InsuranceLegislation / RegulationTechnology

Dozens of North American securities regulators target cryptocurrency schemes

May 23, 2018 The Canadian Press

TORONTO – Dozens of North American securities regulators have joined forces to investigate and warn investors about cryptocurrency-related schemes. Operation Cryptosweep includes more than 40 regulators in the U.S. and Canada, including the Ontario Securities Commission, which issued a release

News ClaimsInsuranceLegal

Claimant makes incorrect proof of loss statement: Error? or “Wilfully false”?

May 10, 2018 by David Gambrill

A claimant does not have to intend to deceive an insurance company in order to make a “willfully false statement” on a proof of loss, thus voiding the insurance policy, an Ontario court has ruled. In Pinder v. Farmers’ Mutual

News ClaimsInsuranceLegal

Tip to broker leads to undercover auto fraud investigation

April 9, 2018 by Greg Meckbach

As auto insurance premiums go up, Aviva Canada is going after healthcare providers and legal professionals who are conspiring to submit false or inflated claims. Fraud is a “key” reason auto insurance premiums are rising in Ontario and the government

News InsuranceMarkets / Coverages

What Ontario needs to do to reduce auto insurance costs

March 20, 2018 by Greg Meckbach

If Ontario motorists want lower insurance rates, the government will have to take a harder line on distracted driving, a former Ontario civil servant said Monday. Fraud in the collision repair industry and distracted driving are among the issues that

News ClaimsInsurance

If a car is parked in the forest, is it fraud?

March 20, 2018 by Jason Contant

Out of sight, out of mind? That expression could be used to describe a recent Manitoba Public Insurance (MPI) fraud case in which a hunter, deep in the backwoods of the Interlake, was amazed to come across a car in

News Legislation / Regulation

New discount proposed for claimants who use insurers’ accredited body shops

March 13, 2018 Greg Meckbach, Associate Editor

In the wake of an undercover investigation that allegedly caught collision repair centres deliberately damaging vehicles, Aviva Canada is pushing for discounts for vehicle owners who agree to use an insurer’s accredited body shop. Such a discount would require a

News InsuranceTechnology

Fraud survey reveals Canadians’ fears about safety of personal information

March 7, 2018 by Jason Contant

Nearly four in 10 (39%) of Canadians fear that their personal information has been compromised. The annual fraud survey, released on Wednesday, was commissioned by the Chartered Professional Accountants of Canada and conducted last month. Three-quarters (76%) of 1,000 Canadians

Feature

Some Assembly Required

February 27, 2018 David Gambrill, Editor-in-Chief

Auto lines across Canada are in dire need of repair right now. In a fairly benign year, with virtually no major catastrophe events, the Canadian property and casualty industry still came dangerously close to losing money, posting a relatively disappointing

News InsuranceLegalMarkets / Coverages

Ontario PC leadership hopeful slams Liberals for delaying auto fraud office

February 21, 2018 by Greg Meckbach

Ontario PC leadership candidate Caroline Mulroney promises to do “more than just talk” about cracking down on insurance fraud if she becomes premier of Ontario this June. Ontario Liberal Finance Minister Charles Sousa announced this past December the provincial government

Feature Legislation / Regulation

Fraud Squad

February 8, 2018 Kim Donaldson, Vice-President, Ontario Region, Insurance Bureau of Canada

Ontario wants to stamp out auto insurance fraud by creating a dedicated team of fraud prosecutors. Here’s what P&C insurers think of the plan…

News InsuranceLegalMarkets / Coverages

Top 5 auto frauds in Manitoba last year

January 12, 2018 by Jason Contant

Manitoba Public Insurance (MPI) has released its top five frauds of 2017. The annual list is selected by reviewing a number of factors, including “sheer uniqueness of the fraud, financial savings for MPI and investigative excellence in unearthing the fraud.”

News InsuranceMarkets / CoveragesProductsTechnology

Tool can help insurers ensure document authenticity

December 20, 2017 Jason Contant, Online Editor

An Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance