AMF warns of Nagle & Associates Insurance Company
The Autorité des marchés financiers (the AMF) is urging consumers to be cautious about the solicitations made by Nagle & Associates Insurance Company and its representatives Ferdinand Blake and Thomas Finley.
The company and its two officers are not registered as a firm or as representatives in personal-lines damage insurance, nor in any other sector with the AMF. Their solicitations and the nature of the products being proposed by them may be violations under laws administered by the AMF.
Nagle & Associates Insurance Company is alleged to have sent documentation concerning an automobile insurance policy underwritten by Jevco Automobile Insurance Company to a resident of Woodbridge, Ontario. The cover page of the policy was signed by Ferdinand Blake as executive director of Nagle’s customer service division. The Woodbridge resident also communicated with Thomas Finley of Nagle in writing.
However, Jevco has not conducted any business with Nagle and has no insurance policies in connection with this company.
Nagle’s website, which expired on February 6, contained a mailing address that does not exist and provided an out-of-service phone number. However, consumers were able to obtain a “policy” through the site.
The AMF says it has not yet received any complaints from Quebec consumers.
The AMF reminds consumers to check whether the person offering an insurance product is registered in the Register of firms and individuals authorized to practice on the AMF’s website. You can also check whether the insurer is authorized to sell its products in Québec in the register of insurers.
