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FSCO issues warnings on Royal Insurance, American Insurance

The Financial Services Commission of Ontario (FSCO) has issued a consumer warning for two insurance companies.

FSCO says neither American Insurance nor Royal Insurance is licensed to do insurance business in Ontario.

American Insurance is not affiliated with or associated with The American Road Insurance Company or The Great American Insurance Company, two insurance companies that are licensed by FSCO.

Royal Insurance is not affiliated or associated with Royal & Sun Alliance Insurance Company of Canada, an insurance company that is licensed to do insurance business by the FSCO.

The regulator reminds consumers that they are not protected under the Insurance Act and provincial regulations if they purchase insurance from insurers that are not licensed in the province.

FSCO’s website contains a list of all insurance companies and agents licensed to do business in Ontario.

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