IBC Comment on FSCO's Ontario's Insurance Act Charges

TORONTO, May 25, 2012 /CNW/ - The Financial Services Commission of Ontario (FSCO) today announced charges against five rehabilitation clinics and 10 individuals affiliated with these clinics with offences under Ontario's Insurance Act. The cases involved filing false claims. IBC member companies and Investigative Services supported the FSCO investigation.

Rick Dubin, Vice President of Investigative Services with Insurance Bureau of Canada said, "This is further evidence that Insurance fraud is a serious problem that we all pay for in the form of increased premiums."

For fraud prevention tips, visit our website at ibc.ca, our blog at getintheknow.ibc.ca or follow us on Twitter @insurancebureau.  If you have any information about insurance crime, call our anonymous TIPS line (1-877-IBC TIPS).

About Insurance Bureau of Canada

Insurance Bureau of Canada is the national industry association representing Canada's private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada. The P&C insurance industry employs over 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial and municipal governments, and has a total premium base of $40 billion.

To view media releases and information, visit the media section of IBC's website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.

or to schedule an interview, contact:

Steve Kee
Director, Media Relations
Insurance Bureau of Canada
416-362-2031 ext. 4387
[email protected]