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.
Top 10 most stolen cars

Top 10 most stolen cars

Did your car make IBC’s annual list?

Top 4 industry issues in 2011

Top 4 industry issues in 2011

Several pressing issues kept the industry buzzing this year.

Ontario drivers pay the most for auto insurance: Auditor General

Ontario drivers pay the most for auto insurance: Auditor General

Fraud cost the industry $1.3 billion in Ontario.

Ontario takes additional steps to fight fraud

Ontario takes additional steps to fight fraud

Anti-Fraud Task Force targets gaps in licensing/regulation of health clinics.

RCMP arrest 4 in interprovincial fraud scheme

RCMP arrest 4 in interprovincial fraud scheme

A total of 6 charges have been laid for possession of stolen property or fraud.

Overall decrease in white-collar crime in Canada: PwC

Overall decrease in white-collar crime in Canada: PwC

Theft is top crime; typical internal fraudster is male between ages 31-40, employed at company 3-5 years.

Toronto-area police bust 14 fraudsters

Toronto-area police bust 14 fraudsters

The search continues for 20 others suspects in a $10 million fraud investigation.

State Farm files lawsuit against several Toronto medical clinics

State Farm files lawsuit against several Toronto medical clinics

The company is seeking more than $21 million in damages.

Provincial elections touch on insurance issues

Provincial elections touch on insurance issues

Insurance fraud, cat events and the use of credit scoring among key concerns.

Hamilton, Ont. police nab insurance fraudsters

Hamilton, Ont. police nab insurance fraudsters

IBC continues to aid in investigation of 50 other fraud cases in the Greater Toronto Area.

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