Jul 29, 2011
GUELPH, ON, July 29, 2011 /CNW/ - As part of its ongoing efforts to
combat auto insurance fraud in Ontario, The Co-operators announced
today that it has filed a Statement of Claim (SOC) with the Ontario
Superior Court of Justice against five Toronto-area assessment clinics.
Co-operators General Insurance Company and its subsidiary COSECO
Insurance Company are seeking $7 million in damages, following more
than a year of intensive investigation.
The SOC details several alleged abuses related to assessments and treatments of injured auto insurance claimants by the following defendants:
These abuses include:
The Ontario government has recently taken additional steps to help in
the fight against insurance fraud, and The Co-operators has implemented
new procedures and practices to detect fraudulent activity during the
claims process. It has also committed additional resources and expanded
its Special Investigations Unit to deter fraudulent activity. The
organization will continue to work diligently to bring those
responsible to justice, to ensure that clients' premium dollars are
going towards those injured in accidents, not criminal activity.
Ontario, and in particular the Greater Toronto Area, has long been a North American hotbed of fraud. It is estimated that fraud and abuse account for $1.3 billion of the $9 billion Ontario drivers pay in premiums every year. Ontario offers the richest benefits and has the most expensive auto insurance in Canada.
About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $41 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is ranked #1 among the 50 Best Corporate Citizens in Canada by Corporate Knights, and listed among the 50 Best Employers in Canada. Visit www.cooperators.ca.
For further information: