The Insurance Bureau of Canada (IBC) is highlighting that everyone can play a role in…
Medical insurance fraud widespread, as employees, providers rip off benefit plans
Dec. 19, 2018 (Courtesy of CBC.ca) – Employers and their insurance providers are reeling at the proliferation of fraud rings — groups of employees that work together to abuse and exploit benefit plans, with medical services providers as their eager accomplices....
BCSC alleges $47 million investment fraud by insurance group’s top officers
Nov. 7, 2018 – The British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that three leaders of a once fast-growing insurance group committed fraud by getting hundreds of people to purchase unsecured loan agreements. The BCSC...
Auto insurer’s secret cameras in sting operation broke law, body shop claims
May 25, 2018 (Courtesy of CBC.ca) – Can insurance companies secretly plant cameras in a private business in the hope of catching it doing something wrong? That’s the question an Ontario court will deal with next month as it determines whether criminal...
Insurance company investigation uncovers ‘pervasive’ Ontario auto-body shop fraud
March 12,2018 (Courtesy of the Canadian Press) – Workers at auto body shops deliberately damaged cars, installed used parts but billed for new ones, or invoiced for phantom repairs, according to an investigation by a Canadian insurer that is calling on...
How do the US and Canada differ in the tussle against insurance fraud?
March 6, 2018 (Courtesy of Insurancemag.com) – Fraudsters will always find a way to cheat the system. All lines of business are vulnerable to the crime, including insurance, and organizations worldwide face the sometimes cumbersome task of continuously...