1. Insurance Sector in Canada
... auto collisions that often involve claimants, lawyers and medical service providers. Skyrocketing claims costs are a priority for the industry" (Facts of the General Insurance Industry in Canada, Insurance Bureau of Canada. 2002, P. 20). Not only does insurance fraud cost insurers and policy holders $1 billion a year, but when societal costs, such as police, health care and courts, are added in, then this increases to $2 billion ... (Facts of the General Insurance Industry in Canada, Insurance Bureau of Canada. 2002, P. 20). In the case of automobile insurance, companies have also had t...
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