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.
The reverse-Nigerian scam

The reverse-Nigerian scam

Fraud conviction for man who reported car stolen, sent it to Nigeria; and other fraud news

Ontario healthcare operator pleads guilty to fraud

Ontario healthcare operator pleads guilty to fraud

Arun Reddy has paid more than $50,000 in restitution to insurers

Buyer beware: Don’t purchase insurance from online classifieds

Buyer beware: Don’t purchase insurance from online classifieds

Police arrest man in Edmonton in connection with insurance scam

Majority of North American insurers say personal lines fraud losses will increase in 2013: survey

Majority of North American insurers say personal lines fraud losses will increase in 2013: survey

1 in 3 insurers feel inadequately protected against fraud

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

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Transcontinental Media G.P.