ICBC has a zero tolerance for fraud
VANCOUVER, Dec. 18 /CNW/ - A B.C. Supreme Court judge has ordered Cole
Owen Adams of Nanaimo to pay ICBC $87,337.90 in damages. The ruling concludes
a civil action filed by ICBC against Adams in November 2006, related to four
stolen vehicles claims from 2003.
ICBC was seeking to recover the costs paid out for the stolen vehicles
claims, plus the costs to investigate, legal fees and punitive damages. On
December 12, 2007, ICBC was awarded $47,337.90 in special damages for the
recovery of all external and internal expenses, and $40,000 in punitive
"We are very pleased with this award. It reinforces our zero tolerance
for fraud," said Steve Tripp, ICBC manager of Fraud Prevention and
Investigation. "We combat fraud to deter others and to recover fraudulent
payments, which helps to keep rates low and stable," said Tripp.
The scheme was uncovered on February 5, 2004, when Nanaimo RCMP searched
Adams' home and found three dismantled vehicles, and the license plate from
the fourth stolen vehicle. The vehicles, a 1989 Honda Civic, 1999 Honda Civic,
1996 Acura and 1997 Honda Civic, were stolen from Nanaimo and Vancouver.
In addition to the civil action, Adams has also been convicted of
possession of stolen property, an offence under the Criminal Code of Canada.
He received a nine month conditional sentence, one year of probation and was
fined a $100 victim service fee.
ICBC invests more in fraud prevention and investigation than most
property and casualty insurance companies in Canada. Customers are encouraged
to do their part to help fight fraud by reporting suspicious, exaggerated or
fraudulent claims. Information provided to ICBC's fraud tips line
(604-661-6844 or 1-800-661-6844) is confidential and callers can remain
For further information:
For further information: Kate Best, (604) 982-2480