Insurer on hook for provincial association fraud losses

An executive has been fired after exhaustive internal investigation revealed irregular financial activity

Insurers will be on the line to cover the losses after an alleged fraud rocked the Alberta Motor Association.

The AMA says in a statement released Monday stating it has fired one of its executives after what it calls an exhaustive internal investigation that revealed alleged irregular financial activity.

The organization has not released the name of the executive or the amount of money involved, saying the matter is now before the courts.

It says insurance will cover the losses and customer information has not been compromised.

The AMA also says additional controls have been put in place to prevent any similar incidents in the future.

The Alberta Motor Association has more than 973,000 members and advocates for traffic safety, travel, consumer protection and crime prevention.

“We expect all our employees to perform their duties in a manner that maintains and enhances the public's confidence and trust in our organization,” the organization's statement read.

“AMA takes cases of improper conduct very seriously and when the matter was brought to senior management, we acted swiftly and decisively.”



(The Canadian Press)


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