Tuesday, May 5, 2015

Ontarians Overpaid For Auto Insurance By Up To $4 Billion

By Gary Parkinson - Sat, 2015-04-11 07:03 
 
Image Courtesy of ©iStock.comA damning report on the auto insurance industry in Ontario was released yesterday by two York University professors in Toronto, on behalf of the Ontario Trial Lawyers Association. The report suggests insurers were allowed to overcharge insurance premiums dating back to 2001, which may have cost Ontario drivers as much as $4 billion in overpriced rates.



Source / more:
http://www.lowestrates.ca/news/ontarians-overpaid-auto-insurance-4-billion-1656 
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1 comment:

  1. AnonymousMay 5, 2015 at 9:26 PM

    The chief executive officer of Economical Insurance spent $28,435 for limousine service in one year. She also earned $2.9 million. I don’t know of any lawyers who ride around in limousines.

    The largest auto insurance company, Intact, paid its CEO $5.1 million last year and as of last December, he had share holdings worth $17.5 million.

    Mr. Palumbo and his clients have been fear mongering at Queen’s Park for years and governments of the day keep listening to them.

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