IBC and CPKN sponsor initiative aimed at disrupting the criminal network and defending against organized insurance scams TORONTO, Feb. 1, 2012 /CNW/ – Insurance Bureau of Canada (IBC) understands the frustration of consumers in Ontario who face the highest auto insurance premiums in the country. For the remainder of 2012, IBC and the Canadian Police [...]

2012-01-20 The Ontario Court of Appeal has found that in a priority dispute between insurers, the first insurer to receive a claim for accident benefits cannot claim it did not receive a “completed application” if it was not diligent in investigating the missing information. In Ontario (Finance) v. Pilot Insurance Company, an unidentified motorist hit [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Responding to a rise in Canadian insurance fraud, ISB Canada, a leading source document company, is partnering with AFI International, an elite security firm that provides best-in-class insurance investigations. ISB clients will be able to take advantage of these investigative services at AFI, effective immediately. The extensive list of insurance investigation services offered through AFI [...]

TORONTO, January 13, 2010 /CNW/ – ISB Canada, a leading source document retrieval company is strengthening its focus on insurance customers with the appointment of two new Customer Relationship Managers. Maranda Beattie and Christopher McClelland assume their newly created positions, dedicated to improving relationships with insurance clients, effective immediately. The mandate of these new Customer [...]