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.
FSCO warns of fraudster

FSCO warns of fraudster

Mark Li Mosse not licensed to do business in Ontario

IBC compiles database of VINs for flood-damaged vehicles

IBC compiles database of VINs for flood-damaged vehicles

VIN Verify Service allows brokers to check if a car is uninsurable due to recent flood events

FSCO warns of two insurance scams

FSCO warns of two insurance scams

‘Allstate’ Trust and Escrow companies, unlicensed hole-in-one insurer targeting Ontarians

FSCO amends insurance scam warning

FSCO amends insurance scam warning

Also warns that LinkXInsurance is not licensed to do business in Ontario

Cyber crimes could cost billions annually

Cyber crimes could cost billions annually

New report estimates cyber crimes could cost the US up to $100B and more than 500,000 jobs every year

FSCO launches auto insurance fraud hotline

FSCO launches auto insurance fraud hotline

New hotline recommended by Ontario Auto Insurance Anti-Fraud Task Force

FSCO warns of auto insurance scam

FSCO warns of auto insurance scam

CC&B Group Inc. and Serafattin Solak are not licensed to do insurance business in Ontario

Four charged with fraud after allegedly staging crash

Four charged with fraud after allegedly staging crash

Plus: Six signs a collision has been staged

Ontario healthcare operator faces 15 fraud charges

Ontario healthcare operator faces 15 fraud charges

Man allegedly posed as doctor and treated car accident patients

One in three British businesses would inflate insurance claims

One in three British businesses would inflate insurance claims

Average claim value increased by 17% due to fraud: AXA Business Insurance

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Transcontinental Media G.P.