Cyber & Fraud

Cyber & FraudEmerging cyber risk offers challenges and new opportunities to brokers and insurers struggling to keep up with the pace and frequency of attacks and finding solutions for clients. On the fraud side, staged accidents and loosely-regulated medical assessment companies have plagued the auto insurance sector in Ontario with millions of dollars in fraudulent claims in recent years.
Ontario government to introduce new auto insurance fraud reforms

Ontario government to introduce new auto insurance fraud reforms

New rules would require insurers to provide all reasons for denying a claim

FSCO lays 84 charges against two Toronto rehab clinics

FSCO lays 84 charges against two Toronto rehab clinics

Clinics are alleged to have submitted false invoices to auto insurers

Police charge nine in GTA fraud investigation

Police charge nine in GTA fraud investigation

Nine charged were allegedly involved with generating false insurance claims

Toronto Police seize $3 million in counterfeit goods

Toronto Police seize $3 million in counterfeit goods

Chicken parts found in down of popular counterfeit jackets

Ontario Trial Lawyers slam Task Force recommendations

Ontario Trial Lawyers slam Task Force recommendations

OTLA supports majority of recommendations but says some are “problematic”

Industry urges Ontario to adopt Anti-Fraud Task Force recommendations

Industry urges Ontario to adopt Anti-Fraud Task Force recommendations

Insurance fraud costs Ontarians $1.6 billion annually

Allstate files two lawsuits against GTA medical clinics

Allstate files two lawsuits against GTA medical clinics

Lawsuits allege three clinics filed fraudulent claims

Scam alerts from FSCO

Scam alerts from FSCO

The government agency recently released three warnings

IBC takes outreach campaign across Ontario

IBC takes outreach campaign across Ontario

The Price is Wrong highlights the high cost of insurance fraud

Police arrest 46 in insurance fraud ring

Police arrest 46 in insurance fraud ring

Potential loss to insurers estimated at $5 million

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Transcontinental Media G.P.