Wednesday, May 18, 2022

No products in the cart.

  • About
    • Contributors
    • Disclaimers
    • Terms & Conditions
    • Giving back
    • Mission Statement
    • Past Issues
    • Where to Find
    • Call us at 613-935-3763
  • Advertise with us!
COVID-19 Response Framework: STEP THREE OF REOPENING

Get the Seeker Delivered straight to your door, click here
  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors
No Result
View All Result
No Result
View All Result
The Seeker Newsmagazine Cornwall

Majority of Ontarians believe 25% of claims are fraudulent

nathan by nathan
December 4, 2018
in Editorial
Reading Time: 3 mins read
26 0
16
SHARES
175
VIEWS

Ontarians aware of pervasiveness of insurance fraud & support new actions to combat it

 Ontarians, who pay among the highest auto insurance rates in the country ($1,428 per driver), are aware of insurance fraud and supportive of initiatives to fight it, according to the second annuel Aviva Fraud Report, release today

You might also like

Oh Gallbladder, Gallbladder, wherefore art thou Gallbladder?

OPINION: EOHA pamphlet… oh no pt.3

Agree to Disagree: Why I’ll be shopping in Quebec for now…

The report contains new polling data on public awareness about insurance fraud in Ontario and shows that drivers are aware of the severe problem. In fact, over 50% of Ontarians believe that 25% of claims are fraudulent. It further shows that the driving public is supportive of actions to combat fraud.

In 2017, it was estimated that Canadians were paying $2 billion per year out of pocket for costs associated with different types of fraud perpetrated against the auto insurance system. Over the past year in Ontario alone, consumer awareness on insurance fraud has grown. For example:

  • 88% of Ontarians think that auto repair shops inflate the cost of vehicle repairs, compared to 77% in 2017.
  • 86% of Ontarians support government and law enforcement agencies investing more resources to investigate and prosecute fraudulent claims, compared to 78% in 2017

“Dishonest claimants and service providers continue to cheat consumers. We are seeing a troubling and egregious form of fraud that includes the fraudulent sale and issuing of auto policies,” said Colm Holmes, President and CEO, Aviva Canada. “We need to do better for honest drivers. That’s why Aviva is fighting fraud. Honest drivers pay higher premiums because of criminal fraud. They know it. We know it. And the time has come to fight back.”

Key findings of the Aviva Fraud Report 2018

  • 86% of Ontarians feel that more needs to be done to combat fraud.
  • 82% feel the increase in their auto insurance premium is due to fraudulent vehicle repairs, to vehicle theft or to personal injury claims.
  • 73% agree that cracking down on fraud would reduce their current auto insurance premium.

Support of new actions to fight fraud

The results show clear support from Ontario drivers for new actions by government and the insurance industry that can help address situations where:

  • people exaggerate claims,
  • automotive, healthcare and legal suppliers resort to fraudulent practices, and
  • opportunists fraudulently sell policies online and distribute policies.

To effectively tackle auto insurance fraud

  • 74% support a new set of provincial insurance fraud offences.
  • 70% feel that insurance companies need to invest more resources to combat fraud. 60% support an online fraud intelligence database that consumers can access:

o   72% would use it look up an auto body shop following a car collision

o   58% would use it to look up a healthcare practitioner for treatment of injuries following a car collision

To help lower insurance rates

  • 59% believe that insurance companies should be mandated to invest in an insurance fraud management model and a clear set of penalties and fines for those convicted of fraud.

To protect consumers

  • 53% feel that government, insurance companies, other organizations fighting fraud, and police all need to take responsibility for warning consumers about insurance fraud schemes.
  • 77% feel that insurance companies that have uncovered fraud schemes should make the information available to the public in real time.

Author

  • nathan

    View all posts

Next Post

Simply Jennifer Expands into Cornwall’s Downtown

Place YOUR ad here now
Facebook Twitter Instagram Youtube TikTok

Don't miss anything!

Get notified of all our new news by ringing the bell at the bottom right corner!

The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved
The Seeker does not accept responsibility for errors, misprints or inaccuracies published within. The opinions and statements of our columnists are not to be presumed as the statements and opinions of The Seeker, and should not substitute professional or medical advice.
ISSN 2562-1750 (Print)

ISSN 2562-1769 (Online)
No Result
View All Result
  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
X
X