TORONTO, Jan. 17, 2013 /CNW/ - Insurance Bureau of Canada congratulates
Financial Services Commission of Ontario (FSCO) for laying 84 charges
under the insurance act in connection with false insurance claims
submitted to auto insurers. Two Toronto area clinics and four
individuals face charges.
"Certainly, auto insurance fraud is a widespread problem that plagues
our industry," said Ralph Palumbo, Vice President Ontario, IBC. "This
latest announcement underlines the need for the Ontario Government to
immediately implement the recommendations of the Anti-Fraud Task Force
KPMG estimates insurance fraud in Ontario could be as high as $1.6
IBC recently teamed up with Crime Stoppers in Ontario to help tackle
insurance fraud and the anonymous reporting of suspected cases. If
you suspect insurance related fraud or crime call the long established
hotline number 1-800-222-TIPS which is well known and universal in all
of North America. Crime Stoppers can also take secure and anonymous
tips online at www.tipsubmit.com.
In addition to Crime Stoppers, you can still report suspected insurance
fraud to ibc.ca or call IBC's anonymous TIPS line (1-877-IBC TIPS).
For more information on IBC's partnership with Crime Stoppers click
For more information on insurance crime click below:
About Insurance Bureau of Canada
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. The P&C insurance industry employs over
115,000 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 section of IBC's
website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.
If you require more information, IBC spokespeople are available to
discuss the details in this media release.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
To schedule an interview, please contact:
Director, Media Relations
Insurance Bureau of Canada
416-362-2031 ext. 4387