Home Breadcrumb caret News Breadcrumb caret Industry Claims (December 01, 2009) INSURANCE COMPANIES MUST SHARE INFORMATION TO COUNTER ORGANIZED CRIME Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when these signs arise, according to IBC investigator Kathy Metzger. Insurers must be vigilant in preventing organized crime, Metzger told a National Association of Subrogation Professionals’ seminar in […] By Canadian Underwriter | November 30, 2009 | Last updated on October 1, 2024 1 min read Plus Icon Image INSURANCE COMPANIES MUST SHARE INFORMATION TO COUNTER ORGANIZED CRIME Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when these signs arise, according to IBC investigator Kathy Metzger. Insurers must be vigilant in preventing organized crime, Metzger told a National Association of Subrogation Professionals’ seminar in Toronto on Nov. 12. This includes an awareness that one company’s “problem file” may in fact be part of a broader organized crime ring. Everyone is afraid of the privacy legislation PIPEDA, she said. However, the important thing to know is that if there are reasonable grounds to believe that there has been a contravention of law or a breach of contract — such as an insurance policy — then a company is able to communicate that information with an investigative body. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
