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How blockchain can help fight insurance fraud

September 24, 2018 by Jason Contant

Blockchain for insurance has various oft-touted benefits – reduced costs and simpler and faster transactions, among them – but it can also be used to combat fraud, said David Verbeeten, a domain expert in insurance at software company ConsenSys. Verbeeten

News InsuranceLegal

What to do about clients who lie about their address

September 19, 2018 by Jason Contant

If an insurer has proof a claimant is committing address fraud, there are several weapons they have in their arsenal to fight it, an insurance lawyer said Tuesday. The first thing the insurer should do is ask the underwriting department

News ClaimsInsuranceLegal

The ‘Big Three’ indicators of address fraud

September 18, 2018 by Jason Contant

Insurers looking to verify a claimant’s address should focus on bank, credit card and cellphone records, an insurance defence lawyer said Tuesday. Andrew Grayson, a lawyer specializing in insurance defence litigation with Regan Desjardins LLP, called those records the “Big

News InsuranceLegal

Auto fraud getting worse, insurer says

August 21, 2018 by Greg Meckbach

Manitoba Public Insurance Corporation (MPI) is reporting an increase in auto insurance fraud, including false claims for income replacement benefits. “Disturbingly, the corporation’s special investigation unit is seeing an increase in fraudulent activity,” the province’s public auto insurer reported Friday.

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 Legislation / Regulation

Industry response to auto reform: Spotlight on fraud centre

December 5, 2017 Greg Meckbach, Associate Editor

Ontario’s move to establish a new Serious Fraud Office (SFO), which would help crack down on auto insurance fraud, is widely — if cautiously — praised as a step in the right direction by the province’s property and casualty industry.

News Insurance

Ontario targets auto fraud with new prosecutors’ team

December 5, 2017 Greg Meckbach, Associate Editor

Auto insurance fraudsters are the target of a team of new and dedicated prosecutors and investigators announced by the Ontario government Wednesday. The province said it plans to set up in the spring of 2018 what it calls the Serious

Feature Claims CanadaInsurance

January 1, 2017 Legislative changes: Will they mitigate motor vehicle property claim costs?

November 3, 2017 Lisa M. Carr

Ontario passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act in 2014. That law made changes to both the Repair and Storage Liens Act and Consumer Protection Act.

News Insurance

One in two fraud mitigation professionals ‘highly concerned’ with identify theft: LexisNexis

July 6, 2016 by Canadian Underwriter

One in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk