Archive for January, 2012

IBAO launches online home inventory tool

2012-01-30 The Insurance Brokers Association of Ontario (IBAO) has launched a new website tool, MyInsuraceShopper Know Your Stuff-Home Inventory, a free online home inventory software for consumers. The application was designed to help consumers create and update their home inventory easily and efficiently, all within the digital space. It includes free, secure online storage, so [...]

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PIP insurance fraud explained

Florida is one of the most expensive states for car insurance, according to the Insurance Information Institute. A fender bender can cost an insurance company tens of thousands of dollars. Listen HereWalt Dartland was targeted in a staged accident years ago in Miami, but he knew immediately what was up. Dartland is a former Florida [...]

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Insurance fraud costs $1.5B every year in Ontario

That amount of fraud was changed to read $1.5 billion, not million. We apologize for the error. If the insurance industry’s performance is a curling match, it’s throwing bad rocks and not scoring points with consumers. Home and auto policies are less affordable largely due to an unstable world economy and rise in fraud, although [...]

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Man who staged crashes admits to $1.5M insurance fraud

A 38-year-old Scarborough man who staged more than a dozen crashes and defrauded insurance companies of $1.5 million pleaded guilty in a University Avenue courtroom Friday. Uthayakanthan Thirunavukkarasu, also known as Max or Mano, admitted to participating in a criminal organization, proceeds of crime, criminal negligence causing bodily harm and fraud charges. In 2007, Thirunavukkarasu’s [...]

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Insurance fraudster pleads guilty

TORONTO – A Scarborough man admitted Friday he was the criminal mastermind who staged more than a dozen car crashes and defrauded insurance companies of $1.5 million. Uthayakanthan Thirunavukkarasu, also known as Max or Mano, pleaded guilty to instructing the commission of offences for a criminal organization, proceeds of crime, criminal negligence causing bodily harm [...]

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Ruling lights fire under insurers

The New Brunswick Court of Appeal has handed down a smoking hot decision that will leave insurance companies scrambling to confirm that clients have informed them of material changes?—??including the installation of woodstoves. In Thomas v. Aviva Insurance Co, [2011] N.B.J. No. 371, the court found that the insurer could not cancel a contract with [...]

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