Insurance industry representatives, with support from the IBC are doing their best to combat car insurance fraud across the country. The IBC is also negotiating a joint resolution shared among private insurers and provincial governments. If enough governments sign on, the industry may seek a national plan to combat car insurance fraud from the federal government in Ottawa.
http://www.lowestrates.ca/news/average-car-insurance-rates-rise-across-alberta-1655
Roughly 18 to 20 insurance carriers currently offer telematics, or usage-based insurance capabilities, to their policyholders. The devices record driving behavior, which in theory can be used to better predict individual auto insurance premiums.
The telematics race took another step forward with a new app that brokers are already suggesting may overcome lingering customer apprehension.
A traffic accident that threw her out of the driver’s seat of her hand-operated car didn’t stop her, either. She underwent spinal surgery, got a motorized wheelchair, applied for Wheel-Trans and became an energetic member of ARCH, the legal aid clinic for people with disabilities.
http://www.ourwindsor.ca/opinion-story/5550780-doctors-can-bully-patients-with-disabilities-goar/
A Cantonment insurance agent was found guilty Wednesday of racketeering and money laundering in a judge trial, according to a news release from the State Attorney’s Office.
http://www.ilstv.com/insurance-agent-convicted-of-fraud-faces-a-maximum-of-60-years/#.VShVSPBqS1B
The announcement comes a little more than two weeks after a York Regional Police (YRP) officer pleaded guilty to a charge of “knowingly making a false or misleading statement or representation to an insurer” under the Insurance Act in late March.
TORONTO, April 9, 2015 /CNW/ – Ontario drivers pay far too much for insurance, says a new study by York UniversitySchulich School of Business Professors Fred Lazar and Eli Prisman. In 2013 alone, consumers likely overpaid by $840 million.
“All insurers have limited resources to fight fraud so a key to success is focusing these resources on the highest value claims. Collaboration, coupled with network analytics is a leading practice that can greatly improve fraud detection,” said Ben Kosic, President and CEO of CANATICS.
http://www.canadianunderwriter.ca/inspress/productDetail.aspx?id=14892
There’s a lot of information and perceptions about car insurance out there; some are considered fundamental truths while others, when looked at more closely, often reveal that what we think to be true is simply a myth. The trouble with insurance myths is that they can cost us money, or influence decisions that we make.
http://www.insurancehotline.com/car-insurance-myths-debunked/
“Organized crime rings that stage collisions and fraudulently bill insurance companies should be very nervous right now,” said CANATICS President and CEO Ben Kosic. “For years many of these criminals have eluded detection by spreading their behaviour across multiple insurers. As of today, they can run but they can’t hide.”
http://www.newswire.ca/en/story/1514197/new-tool-for-busting-insurance-fraudsters-launches-today