A kick-off to the IBC Fraud Prevention month. Always starts with an inflated amount for fraud. First $1.2 billion, then $1.6 and now magically it is $2 billion dollars! Fraud abounds but not where the insurers are looking – hint, their own back yard!
Stopping Auto Insurance Fraud is Left Up to Consumers
Auto insurance fraud is a $2 billion per year problem in Canada, and it’s mostly up to the consumer to solve it.
Car insurance rate hikes hitting 25% for some New Brunswick drivers
New Brunswick’s largest auto insurance providers are having some early success convincing the province’s insurance board they need substantial rate hikes from motorists this year.