“When someone makes a false or exaggerated claim, honest consumers pay more than they should for insurance,” said Rick Dubin, IBC’s Vice-President, Investigative Services.
Insurance fraud comes in many forms, and the perpetrators don’t always look like criminals. Sometimes it’s the work of organized groups or gangs that stage collisions or coordinate the shipping of stolen vehicles overseas. But insurance fraud can also involve normally law-abiding citizens who see a chance to make extra dollars by padding an otherwise legitimate claim. Insurance fraud can include these situations:
- Knowingly lie on an insurance application.
- Claim previous damage to a vehicle along with damage from a new collision.
- Claim for injuries that don’t exist after a collision.
- As a health care provider, submit claims for additional treatments after a person injured in an auto accident has already recovered.
- Make an injury claim for a collision that never happened.
“Most people know it’s a crime to steal a car,” added Dubin. “But overuse and abuse of the system takes many forms, and this costs all policyholders in the form of increased premiums.”
IBC focuses its investigative efforts on organized insurance crime rings, specifically rings involved in auto theft and/or filing fraudulent injury and accident benefits claims. IBC has also advocated for strict regulation to control the ownership and operation of medical clinics in
TAKE THE TIME, REPORT THE CRIME. Visit www.ibc.ca or call 1-877-IBC-TIPS to submit a confidential tip or to learn more about insurance fraud.
To view a short video about exaggerated claims and insurance fraud, click here.
About Insurance Bureau of
Insurance Bureau of Canada is the national industry association representing
To view media releases and information, visit the media section of IBC’s website at www.ibc.ca.
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For more information, contact Mark Klein at 416-362-2031 ext. 4387..