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Fraud, melting glaciers and aging dams made news this week.

This week, fraud was a big issue, with a new survey indicating many Canadian firms are victims of fraud–but falsely believe they can prevent it. ICBC also launched a fraud campaign to educate B.C. residents about the issue — which can affect auto insurance rates. And in other news. a new report shows Canada’s melting glaciers are contributing to rising sea levels.

Canadian firms in denial about fraud: survey
Incidents of fraud are rising every year, yet an overwhelming majority of Canadian business and C-suite executives say they are confident in their ability to prevent it. The disconnect could be due to a dangerous combination of overconfidence and naiveté when it comes to fraud detection and prevention, according to a new Ipsos survey conducted for national accounting, tax and business consulting firm MNP LLP.

ICBC launches auto insurance fraud education campaign
ICBC continues to fight insurance fraud in 2017, with a new education campaign to support its increased fraud prevention efforts. Following December’s news that ICBC had generated its first results from a new high-tech tool which will help identify and target fraudulent claims, the corporation is now reminding British Columbians, through a new advertising campaign, of the serious nature and cost of insurance fraud.

Canadian glaciers contributing to sea level change
Ice loss from Canada’s Arctic glaciers has transformed them into a major contributor to sea level change, new research by University of California, Irvine glaciologists has found. From 2005 to 2015, surface melt off ice caps and glaciers of the Queen Elizabeth Islands grew by an astonishing 900 percent, from an average of three gigatons to 30 gigatons per year, according to results published today in the journal Environmental Research Letters.

2 dams illustrate challenge of maintaining older designs
The nearly $1 billion auxiliary spillway at California’s Folsom Dam, scheduled to be completed later this year, stands in contrast to the troubles 75 miles away at the state-run Oroville Dam, where thousands of people fled last week after an eroded spillway threatened to collapse–a catastrophe that could have sent a 30-foot wall of floodwater gushing into three counties. Together, the two dams illustrate widely diverging conditions at the more than 1,000 dams across California, most of them decades old. The structures also underscore the challenge of maintaining older dams with outdated designs.

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.