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Mar 1, 2021 · Mar. 1, 2021 – It's Fraud Prevention Month, and Insurance Bureau of Canada is asking Canadians to protect themselves from insurance fraud. In times of financial hardship, such as the economic downturn caused by the COVID-19 pandemic, instances of fraud tend to rise.
Nov 22, 2021 · Nov. 15, 2021 – Nearly 60% of those tasked with thwarting the multi-billion dollar threat posed by global crime rings are not yet up to the task, reports a new study by the Coalition Against Insurance Fraud conducted in partnership with IBM and Luxoft. The research found that professional fraud fighters in North America were the least prepared for threats from abroad.
Jan 28, 2021 · Jan. 28 2021 -- Insurance companies and health care benefits providers lose hundreds of millions of dollars yearly due to fraudulent claims for health benefits. Some of these are bogus claims that originate from insured persons, while others are payments for insured services that are not needed but are wrongly prescribed by providers who stand to make illegal profits. Fraud costs everyone ...
- Contact your insurance company if a stranger tries to steer you to an unknown body shop, doctor, chiropractor or legal representative.
- See only medical and legal professionals you know and trust, or who are recommended by people you trust. a. Contact medical and legal licensing regulators in your province to ensure that your service providers are licensed and that no complaints have been lodged against them.
- Be involved in your claim. Compare your records against the statements you receive from your insurance company to make sure the bills are accurate and don't include goods or services you didn't receive.
- Never sign a blank insurance claim form.
Highlighted are several important fraud and identity crimes reporting trends. Fraud, identity crimes and associated cybercrime are rapidly growing issues faced by an increasing proportion of Canadians. In 2020, the CAFC observed approximately $165 million in reported victim losses. In 2021, this number drastically increased to $379 million ...
Mar 1, 2021 · Insurance Bureau of Canada is the national industry association representing Canada's private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada.
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Dec 8, 2021 · Gast discussed the latest fraud trends in an interview Tuesday in advance of the release of the Top 10 stolen vehicles list in Canada. Regarding re-vinning, Gast said there are ways consumers can ...
