You know, my late father spent most of his working career as an insurance broker. I've heard some stories. They keep getting better.
March is Fraud Prevention Month in Canada and SGI has released what they see as their top five insurance fraud cases - cases they busted.
Insurance fraud adds up to $millions a year in losses for the insurance industry and, ultimately, we the customers, pay for it.
SGI investigators busted a woman on a hit-and-run claim. They found her vehicle's on-board computer told a different story. It indicated her vehicle wasn't parked at the time of the collision like she said. It was moving and the collision happened on a different day than she claimed.
They also investigated a claim from a man whose car burned up. He said vandals must have done it. SGI was able to view security camera footage from the guy's neighbour. It clearly showed the claimant lighting the fire himself. Not only was his claim denied, he's facing criminal charges.
There's some food for thought...or is this FRAUD for thought?