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ICBC sees 70% bump in tips about fraudulent insurance claims

Thanks to help from British Columbians, ICBC is catching more insurance fraudsters.

After releasing a fraud awareness campaign earlier this year, ICBC received nearly 300 more tips in this year’s first quarter than in 2015. That was 70% boost.

Chris Fairbridge is a Special Investigations Unit Manager. He says about 10% – 20% of insurance claims are false or exaggerated, which affects all drivers.

“We’re letting people know how it actually impacts them in their own pocket books and we’re saying that that’s over $100 when they go to pay for their insurance. I think people look at that and they think ‘you know what, this isn’t a victimless crime. This is actually impacting me personally.'”

Across the Province, he says the false claims add up to around $600 million a year.

The company has already completed more than 5,000 claims in drivers licensing investigations so far this year.

Since 2012, 520 people have been criminally charged for fraudulent insurance claims.

Something going on in the Prince George area you think people should know about?
Send us a news tip by emailing [email protected].

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