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.
6 ways to fight fraud

6 ways to fight fraud

15 cents of every dollar policyholders pay goes towards fraudulent claims.

37 arrested in GTA raids for vehicle fraud

37 arrested in GTA raids for vehicle fraud

Over 130 charges for scam resulting in estimated fraudulent insurance payouts of $4 million.

Canada’s top 10 riskiest online cities

Canada’s top 10 riskiest online cities

Did your city make the list?

Ontario police collaborate to bust Niagara-area chop shop

Ontario police collaborate to bust Niagara-area chop shop

Police recover over 60 stolen chopped vehicles and 200 high-end vehicles that were stripped of their components.

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.

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