Save 5% at Vevor and Support Canadian Poncho!
Members Login
Username 
 
Password 
    Remember Me  
Canadian Poncho Homepage -> Canadian Poncho -> The Lounge -> 16 insurance companies fined more than $1.5 million for overcharging Alberta motorists
Post Info TOPIC: 16 insurance companies fined more than $1.5 million for overcharging Alberta motorists
Greaser


Canadian Poncho Superstar!

Status: Offline
Posts: 5045
Date:
16 insurance companies fined more than $1.5 million for overcharging Alberta motorists
Permalink  

https://www.cbc.ca/news/canada/calgary/alberta-superintendent-auto-insurance-fines-1.5742140

 

The TD Bank Group, which includes Primmum Insurance,

Security National Insurance Company and TD Home and Auto Insurance,

received $885,000 in fines, the highest amount among all of the companies that were penalized.

Intact Insurance was fined $165,000 over the four-year period, the second highest among the penalized companies

Economical Insurance and its affiliate Sonnet Insurance were fined the same amount. 



__________________
long stroke


Canadian Poncho Superstar!

Status: Offline
Posts: 5989
Date:
Permalink  

I am real glad to hear that the scum suckers are caught and charged but to insurance company's this kind of fine is chump change. They will continue over charging folks like they always have. bleh



__________________

1957 Pontiac Pathfinder Deluxe sedan restored 261 six

1974 Chevrolet Caprice Estate wagon low mileage original 400 V-8
Nov 18 to Dec 2 Black Friday UP TO 50% OFF Plus Huge Coupons
Nov 18 to Dec 2 Black Friday UP TO 50% OFF Plus Huge Coupons
DonSSDD


Canadian Poncho Superstar!

Status: Offline
Posts: 5743
Date:
Permalink  

Weird they didnt know/say how much in total these companies overcharged and why?

__________________

63 Parisienne sport coupe (The Big GTO), black, maroon interior, 409 4 speed; former owner of a 59 El Camino, 63 Corvette SWC, 62 Chev Bel Air SC.
1963- Pontiac top selling car in Canada

Mahone Bay, NS Still not old enough to need an automatic
4SPEED427


A Poncho Legend!

Status: Offline
Posts: 50241
Date:
Permalink  

Of course those fines will all be given back to the customers in the form of a rebate.

__________________

1966 Strato Chief 2 door, 427 4 speed, 45,000 original miles 

1966 Grande Parisienne, 396 1 of 23 factory air cars (now converted to a "factory" 4 speed)
long stroke


Canadian Poncho Superstar!

Status: Offline
Posts: 5989
Date:
Permalink  

4SPEED427 wrote:

Of course those fines will all be given back to the customers in the form of a rebate.

 Yes that and i do believe in the fairy god mother, the tooth fairy and santa claus. 



__________________

1957 Pontiac Pathfinder Deluxe sedan restored 261 six

1974 Chevrolet Caprice Estate wagon low mileage original 400 V-8
4SPEED427


A Poncho Legend!

Status: Offline
Posts: 50241
Date:
Permalink  

You mean none of those actually exist?

__________________

1966 Strato Chief 2 door, 427 4 speed, 45,000 original miles 

1966 Grande Parisienne, 396 1 of 23 factory air cars (now converted to a "factory" 4 speed)
1965CS


Guru

Status: Offline
Posts: 927
Date:
Permalink  

For no apparent reason, my insurance went up nearly 30% this year..... furious guess I'm doing my part to pay their fines.



__________________

65 Custom Sport Convertible

Southern Alberta
Nov 18 to Dec 2 Black Friday UP TO 50% OFF Plus Huge Coupons
Nov 18 to Dec 2 Black Friday UP TO 50% OFF Plus Huge Coupons
long stroke


Canadian Poncho Superstar!

Status: Offline
Posts: 5989
Date:
Permalink  

Every single year, year after year. I shop around on line for lower car and house insurance. Most of the time i find a much lower rate for the same or better coverage. About four years ago i found my elderly mom, house insurance that was not only better coverage but was also less than half the cost, less than half. Insurance company's do not care for anyone's loyalty, it is just about squeezing as much coin as they can while they can out of someone. You have to do your own homework and in turn save money that you would have thrown in the toilet otherwise. 



__________________

1957 Pontiac Pathfinder Deluxe sedan restored 261 six

1974 Chevrolet Caprice Estate wagon low mileage original 400 V-8
long stroke


Canadian Poncho Superstar!

Status: Offline
Posts: 5989
Date:
Permalink  

When i renewed my car insurance for my everyday driver last April, the rate went up by just over $200 with NO CLAIMS. I shopped around and found an insurance company that dropped my deductible from $1,000 to $500, gave me accident forgiveness, that i have never had before and lowered my rate so that i was actually paying $60.00 less than what i was paying before the stupid increase. Now why would anyone not shop around every year and put the scum suckers in their place with these greedy increases. Loyalty died many many years ago. They are out to get you, so beat them at their own game. 



__________________

1957 Pontiac Pathfinder Deluxe sedan restored 261 six

1974 Chevrolet Caprice Estate wagon low mileage original 400 V-8
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Canadian Poncho Homepage -> Canadian Poncho -> The Lounge -> 16 insurance companies fined more than $1.5 million for overcharging Alberta motorists
Tweet this page Post to Digg Post to Del.icio.us
.
Support Canadian Poncho!
Select Amount:
<
.
.
.