ICBC: insurance broker bridge toll fraud may be widespread, but not systemic

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The Insurance Council of British Columbia (ICBC) says its investigation into widespread fraud related to bridge tolls committed by dozens of brokers across the province is unprecedented, but there’s no evidence to suggest it’s a systemic problem.

More than 100 licensees are slated for review after their names came up in an ICBC investigation into false bridge toll payment receipts being used to help drivers avoid paying their bills.

So far, two brokers and 27 broker offices have been fined for the practice. One licensee was hit with a six-month suspension.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.