ICBC said in a statement that while most claims are honest, insurance industry studies estimate that fraudulent or exaggerated claims make up about 10 to 20% of all claims costs. “Applying those estimates means that fraud and exaggeration is costing ICBC customers up to $600 million a year, or more than $100 a year for each ICBC policyholder,” the insurance corporation reported.
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FAIR – supporting auto accident victims through advocacy and education
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FAIR – supporting auto accident victims through advocacy and education
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FAIR – supporting auto accident victims through advocacy and education