Canadian Auto Insurance Fraud Is Racking Up A Massive $2B Annual Bill

A new Aviva Canada report revealed an auto insurance fraud trend costing insurers $2 billion every year. This added expense to insurers is leading them to increase premiums to compensate for the fraudulent claims payments. The Aviva Canada report was published under the title “Crash, Cash and Backlash: Aviva Fraud Report 2017.” It pointed out that honest drivers are required to shell out more for their coverage every month as a result of the rampant auto insurance fraud. This conclusion was drawn following an interview of over 1,500 Canadian auto insurance policyholders.