Insurance fraud – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Fri, 05 Apr 2024 19:22:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Insurance fraud – Investment Executive https://www.investmentexecutive.com 32 32 FSRA takes enforcement action against MGA https://www.investmentexecutive.com/news/from-the-regulators/fsra-takes-enforcement-action-against-mga/ Fri, 05 Apr 2024 19:22:55 +0000 https://www.investmentexecutive.com/?p=483257 Regulator suspends firm and agents amid alleged misconduct

The post FSRA takes enforcement action against MGA appeared first on Investment Executive.

]]> Court finds murdered man’s life policy was valid, again https://www.investmentexecutive.com/news/from-the-regulators/court-finds-murdered-mans-life-policy-was-valid-again/ Fri, 27 Jan 2023 19:54:09 +0000 https://www.investmentexecutive.com/?p=459388 Desjardins' appeal rejected as insurer failed to prove fraud on life application

The post Court finds murdered man’s life policy was valid, again appeared first on Investment Executive.

]]> Widow of former terrorist can’t collect insurance, court finds https://www.investmentexecutive.com/news/industry-news/widow-of-former-terrorist-cant-collect-insurance-court-finds/ Thu, 30 Jan 2020 20:00:52 +0000 https://www.investmentexecutive.com/?p=394586 Appeal court finds terrorist past should have been disclosed to insurer

The post Widow of former terrorist can’t collect insurance, court finds appeared first on Investment Executive.

]]> Toronto police charge man in alleged life insurance fraud https://www.investmentexecutive.com/news/industry-news/toronto-police-charge-man-in-alleged-life-insurance-fraud/ Wed, 12 Nov 2014 23:00:00 +0000 https://www.investmentexecutive.com/uncategorized/toronto-police-charge-man-in-alleged-life-insurance-fraud/ One victim allegedly defrauded on $25,000

The post Toronto police charge man in alleged life insurance fraud appeared first on Investment Executive.

]]> Chief of US$800 million fraud sentenced to 20 years https://www.investmentexecutive.com/news/industry-news/chief-of-us800-million-fraud-sentenced-to-20-years/ Fri, 29 Aug 2014 20:10:00 +0000 https://www.investmentexecutive.com/uncategorized/chief-of-us800-million-fraud-sentenced-to-20-years/ Insurance scheme victimized more than 30,000 investors throughout the United States

The post Chief of US$800 million fraud sentenced to 20 years appeared first on Investment Executive.

]]> Toronto couple plead guilty to life insurance fraud https://www.investmentexecutive.com/news/industry-news/toronto-couple-plead-guilty-to-life-insurance-fraud/ Tue, 06 May 2014 20:20:00 +0000 https://www.investmentexecutive.com/uncategorized/toronto-couple-plead-guilty-to-life-insurance-fraud/ Scheme defrauded several life insurance companies of over $1 million

The post Toronto couple plead guilty to life insurance fraud appeared first on Investment Executive.

]]> Fraud scheme targets brokerages, law firm warns https://www.investmentexecutive.com/news/industry-news/fraud-scheme-targets-brokerages-law-firm-warns/ Fri, 28 Mar 2014 12:30:00 +0000 https://www.investmentexecutive.com/uncategorized/fraud-scheme-targets-brokerages-law-firm-warns/ The scam involves redemption requests sent from client email accounts

The post Fraud scheme targets brokerages, law firm warns appeared first on Investment Executive.

]]> FSCO issues update on identity theft scheme https://www.investmentexecutive.com/news/from-the-regulators/fsco-issues-update-on-identity-theft-scheme/ Fri, 02 Aug 2013 13:45:00 +0000 https://www.investmentexecutive.com/uncategorized/fsco-issues-update-on-identity-theft-scheme/ Famtel working for RBC, but the company is not selling insurance

The post FSCO issues update on identity theft scheme appeared first on Investment Executive.

]]> FSCO warns of identity theft insurance scheme https://www.investmentexecutive.com/news/from-the-regulators/fsco-warns-of-identity-theft-insurance-scheme/ Mon, 29 Jul 2013 19:45:00 +0000 https://www.investmentexecutive.com/uncategorized/fsco-warns-of-identity-theft-insurance-scheme/ Sentel Insurance is not licensed to do business in Ontario

The post FSCO warns of identity theft insurance scheme appeared first on Investment Executive.

]]> Couple charged in $1 million insurance fraud investigation https://www.investmentexecutive.com/news/industry-news/couple-charged-in-1-million-insurance-fraud-investigation/ Fri, 26 Jul 2013 17:30:00 +0000 https://www.investmentexecutive.com/uncategorized/couple-charged-in-1-million-insurance-fraud-investigation/ Husband and wife charged with four counts of fraud

The post Couple charged in $1 million insurance fraud investigation appeared first on Investment Executive.

]]>