TORONTO, Feb. 23, 2012 /CNW/ - Toronto Police today laid charges in
connection with Project Whiplash, where it is alleged that a
complicated insurance fraud ring has staged auto collisions, made false
claims at several rehab providers across the Greater Toronto Area, and
falsely used the identities of several medical practitioners. The
alleged scam targeted numerous insurers and resulted in estimated
fraudulent pay-outs of $4 million.
Insurance Bureau of Canada (IBC) congratulates Toronto Police Service
for its commitment to this case, and we are proud of the key role IBC
and its member insurance companies played in the investigation.
"We take insurance crime seriously," said Rick Dubin, Vice-President,
Investigative Services, IBC. "Insurance crime is not victimless. The
cost to everyone is reflected in health care, emergency services, court
and insurance costs. Insurance criminals take money right out of your
pocket - when they cheat, you pay."
IBC supported the police and continue to support FSCO investigations by
collecting and collating information from member insurers and by acting
as a liaison for all involved parties.
Dubin added: "This investigation would not have had the successful
results that it did if it were not for the commitment and co-operation
of all involved stakeholder organizations: Police, IBC, individual
insurance companies and the Financial Services Commission of Ontario.
"IBC will continue to work with law enforcement and insurers to identify
criminal activity," said Dubin. "To help catch fraudsters, IBC
encourages people with any information about insurance crime to call
our anonymous TIPS line (1-877-IBC TIPS)."
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association
representing Canada's home, car and business insurers. Its member
companies represent 90% of the private property and casualty (P&C)
insurance market in Canada. The P&C insurance industry employs over
114,000 Canadians, pays more than $7 billion in taxes to the federal,
provincial and municipal governments, and has a total premium base of
To view media releases and information, visit the Media Centre of IBC's
website at www.ibc.ca.
SOURCE INSURANCE BUREAU OF CANADA
For further information:
To arrange for an interview with Rick Dubin, contact Ellen Woodger at 416-483-2358