Learn how to spot insurance fraud - don't be a victim.
TORONTO, March 6, 2013 /CNW/ - Take the time. Report the crime. That's the message to consumers from Insurance Bureau of Canada (IBC)
during Fraud Prevention Month. IBC's goal is to reduce insurance fraud.
According to the Ontario Auto Insurance Anti-Fraud Task Force Final
Report auto insurance fraud in Ontario is estimated to cost consumers
up to $1.6 billion a year in insurance premiums. These estimated costs
do not include additional health care, emergency services and court
"Consumers can help by learning about the different types of insurance
fraud and then reporting any suspicious activity," says Rick Dubin,
IBC's Vice-President of Investigations. "When someone makes a false or
exaggerated claim, honest policyholders pay for it. We all have an
interest in reducing insurance fraud."
Dubin heads up IBC's national investigative team focusing on organized
crime rings, specifically those involved in auto theft or fraudulent
injury and accident benefit claims. IBC also partners with law
enforcement, government agencies, and insurance companies across the
country to identify suspected insurance crime, investigate fraudsters
and scam artists, and bring criminals to justice.
Five common types of insurance fraud are:
Unscrupulous auto repair shops that intentionally cause additional
damage to a vehicle involved in an accident or bill several different
insurers for repairing the same prior damage to a vehicle;
Medical clinics that ask claimants to sign blank accident benefit forms,
then bill insurers for services never provided;
Individuals who privately sell a stolen vehicle to an unsuspecting
consumer after changing the vehicle identification number to hide its
Collisions that don't seem to make sense, where a driver intentionally
causes a collision with an unsuspecting driver and makes it look as if
the innocent driver is at fault for the collision; and
Medical clinics that forge the signatures of legitimate medical
practitioners and use their names and college registration numbers
without their knowledge or consent on accident benefit forms and then
bill insurers for services never provided.
"During Fraud Prevention Month IBC wants to create a greater awareness
of insurance fraud and its consequences" says Dubin. "The more people
report fraud, the more fraudsters and scam artists we can bring to
Tips for protecting yourself against insurance fraud
Do not sign blank accident forms.
If purchasing a vehicle privately, run a full history search on the
vehicle and have a qualified mechanic review the vehicle's condition.
IBC recommends purchasing a vehicle from a reputable dealership.
If you're involved in a collision, immediately report it to your
insurance company, who will then be able to recommend a reliable auto
body repair facility that will provide quality repairs.
If you suspect a collision may have been staged, immediately report the
incident to the police and to your insurance company. You should also
call IBC's toll-free TIPS Line (see below).
It's easy for consumers to report suspected exaggerated claims, staged
auto collisions and other crimes related to insurance. Call IBC's
anonymous toll-free TIPS Line at 1-877-IBC-TIPS (422-8477) or submit a tip online at www.ibc.ca under Report Insurance Crime.
To view a short video with Rick Dubin on examples of insurance frauds
and how to report it click here
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
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 other information, visit the media section of
IBC's website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
If you require more information, IBC spokespeople are available to discuss the details in this media release.
To schedule an interview, please contact:
Insurance Bureau of Canada
Media Relations Officer
Insurance Bureau of Canada
416-362-2031 ext. 4312