How auto fraud reporting is changing in Ontario

How auto fraud reporting is changing in Ontario

Photo by iStock/ISerg A rule authorizing and enabling insurers to report data to Ontario’s Fraud Reporting Service (FRS), with the aim of improving data related to auto insurers’ fraud management work, was approved Jun. 17 by Ontario’s Finance Minister. The rule takes effect 15 days after the approval. Along with the rule change, the Financial Services Regulatory Authority of Ontario (FSRA) issued guidance that “affects all insurers that are lic…