The insurance Bureau of Canada(IBC) board of directors approved the relocation of its Investigative Services (IS) division to the Équité Association. Équité is an anti-insurance fraud not-for-profit group that was established in February. Équité combines the...

A CBC investigation in Montreal, Saskatoon, Winnipeg and Calgary has found that some massage therapists who are members of professional associations are offering sex for sale.

Insurance and towing industry officials are raising the spectre of fraud and corruption — and higher insurance premiums for consumers — while weighing in on opposite sides of a proposed tow truck bylaw in Cape Breton Regional Municipality.

The Insurance Bureau of Canada (IBC) has lauded the Ontario government for the passage of new legislation that addresses road safety and auto insurance fraud issues in the province.

Provincial governments should implement a database to verify the validity of a trucking carrier’s insurance as one way of helping to identify fraud in the sector, Insurance Bureau of Canada (IBC) is recommending.

In March, Auditor General Karen Hogan said the federal government missed chances to flag fraudulent claims for emergency benefits last year, potentially paying large sums of money to insolvent companies. Canada now faces a costly—and likely long-lasting—effort to recoup the $97.6-billion Canada Emergency Wage Subsidy and the $74-billion Canada Emergency Response Benefit that was doled out last year.

“The fake car accident industry is now sufficiently lucrative that competition among corrupt car towing organizations has led to internecine violence,” Rose wrote in his ruling this week. “Tow trucks are set fire to. Shots are fired. The highways in the GTA are dangerous enough without having this added element.”

An Ontario judge has taken the rare approach in a sentencing decision to urge the provincial government to take steps to prevent future instances of insurance fraud.

She called Aaxel Insurance, the brokerage where she had purchased the coverage. She learned that she had been a victim of fraud, and that although the broker she dealt with at Aaxel had sold her a genuine policy, he has since been accused of pocketing some of the money she paid.

When the economy is in decline, insurance fraud tends to increase, Jeroen Morrenhof, CEO and co-founder of FRISS, observed, citing a recent report from Insurance Bureau of Canada.