Recent Articles
Natural Disaster Insurance Payout Reached $22 Billion by Mid-Year: Report
Despite some well documented natural disaster events during the first half of 2014, data show that losses from both an economic and insured perspective were each below their recent averages.
Edmonton Parents ‘Devastated’ Over Theft of Necklace Containing Son’s Ashes
“When they told me what had been taken, it was heart-breaking. It’s one of those things that insurance can’t cover and you can’t replace it.” Const. Michael Roblin
Apple Employees File Class-Action Lawsuit Against Parent Company
A class action lawsuit brought on behalf of some 21,000 Apple Inc. employees who worked in Apple Stores and call centers accuses the company of breaking California labor laws by withholding timely meal and rest breaks.
Toronto-Area Rehabilitation Clinic Fined $200,000 for Auto Insurance Offences
The Ontario Court of Justice found Ontario Rehab Center guilty on both counts and imposed the maximum fine of $100,000 on each of the charges, for a total of $200,000 in fines.
10 Best Jobs for 2014 (Insurance-Related Job in the Top 5)
Once again, CareerCast.com, through a variety of metrics, has compiled their list of the ten best jobs for 2014. And wouldn’t you know it, an insurance-related job cracked the top 5!
10 Countries With the Largest Gold Reserves
Here are the top ten countries with the largest gold reserves. The G6 nations combined are the highest single-organization holder of gold in the world, while the International Monetary Fund is ranked number three with 2,814 tonnes
Economical Crushes Two Stolen SUVs Recovered From Organized Crime
Action taken to protect safety and financial security of consumers
What You Need to Know Before They Declare Your Car Totaled
Your insurer compares potential repair costs to your vehicle’s actual cash value to estimate its total loss ratio, also called damage ratio.
ICBC survey: Parents Admit to Passing Bad Driving Habits to Teens
Driving is particularly risky for new drivers because they lack experience. Not only are they more prone to crash but on average, 18 per cent of crashes involving young drivers result in an injury or fatality.
5 Blatant Insurance Fraud Cases
Compiled by Patricia L. Harman, PropertyCasualty360 Medical Insurance Fraud Vi Nguyen, Theresa Fisher and Lindsey Hardgraves were indicted on multiple counts of mail fraud by a federal grand jury in Orange County, California, for a scheme that involved billing insurers more than $50 million worth of cosmetic surgery claims. According to a report in the […]
More Court Action Could Come from Manitoba Government’s Sales Tax Increase
The legal battle over Manitoba’s sales tax increase appears set to continue, with the NDP government and Tory Opposition leaving the door open to more court action. Progressive Conservative Leader Brian Pallister had not yet fully read the 15-page court ruling, issued July 18, 2014, which upheld the tax hike. He said an appeal is […]
NFL Players Sue Own Union Over Concussion Issues
More than 5,000 ex-players have made accusations against the league over head injuries in dozens of lawsuits consolidated in federal court in Philadelphia.
8 Facts About Credit Card & Car Rental Insurance
Most credit card companies offer car rental insurance as a perk. But do you know what exactly is covered?
Downed Malaysian Jet had War Insurance
Malaysia Airlines flight MH17, that was shot down over the eastern Ukraine, was insured by Atrium Underwriting Group Ltd. in case of war.
IBC Fact Check: Bill 15 Will Help Ontario’s 9 Million Drivers
The quick introduction of Bill 15 is a very strong message from the Wynne government that it is serious about reducing fraud and the high costs in Ontario’s current auto insurance system.
Anatomy of a Scandal: Key Developments in History of the Senate Expenses Saga
The RCMP have laid charges of fraud and breach of trust against suspended senator Mike Duffy. Here is an updated timeline of events in the Senate expenses scandal: June 13, 2012: Auditor general Michael Ferguson releases a study of Senate expense claims; in some cases Senate administration didn’t have the right documents to support claims […]
Staged Collisions Becoming More Sophisticated & Lucrative
Criminals who stage car crashes are taking their game to another level. Investigators say organized groups are not only staging collisions, but are also gaining access to medical clinics to cash in on the lucrative phoney insurance treatment payouts. Rick Dubin, VP of the Insurance Bureau of Canada’s Investigative Services, says they’ve seen a definite […]
Rogers, Telus Will No Longer Hand Customer Info to Police Without a Warrant
Rogers received almost 175,000 requests for customer information from government and police agencies last year.
Fires Spread More Quickly in Newer Homes: Report
House fires injure or kill thousands of Americans every year and now they are more likely to burn faster than ever. A new report found fires spread more quickly in newer homes and homes with newer products and materials – giving people less time to escape.
