“In responding to new risks arising from these developments, insurance supervisors around the world, including OSFI, have been embracing stronger solvency standards,” says FSCO
Letters that are designed to look like they have come from a law firm in Spain are currently circulating with the promise of a large payout from an estate sharing the same last name as the addressee
The Financial Services Commission of Ontario (FSCO) is warning consumers that Vilay Salha Insurance Agency Ltd. is not licensed to do insurance business in Ontario. This company appears to be involved in a fraudulent insurance card scam. If consumers purchase insurance from insurers that are not licensed in the province, they are not protected under the Insurance [...]
FSCO has issued a consumer warning on Batch Bros Brokers. The firm is not licensed to do insurance business in Ontario and appears to be involved in a pink card scam
FSCO: Auto insurance rate filings approved during the first quarter of 2012 declined an average of -0.18% based on the entire market
Regulator says neither Royal Insurance nor American Insurance is licensed to do insurance business in Ontario
McCowan Rehabilitation Clinic, Ontario Rehabilitation Clinic, Physiotherapy Clinic and North York Health & Rehabilitation Centre charged by FSCO
Rick Dubin, vice-president of investigative services for the Insurance Bureau of Canada, says the the public has to take insurance crime very seriously.
Consumers who purchase insurance from insurers that are not provincially-licensed are not protected under Insurance Act
Guideline has been developed as a result of a recommendation by the Auto Insurance Anti-fraud Task Force in its interim report regarding measures that should be undertaken as soon as possible
“Two people buy the same product but the person living in a modest income, high immigrant area pays twice as much. We wouldn’t accept this in any other business,” said the NDP’s Consumer Affairs Critic Jagmeet Singh
Auditor General’s 2011 Annual Report says Ontario does not have significant measures in place to combat insurance fraud
Best Term claims to represent major life insurance companies but is not licensed to do business in Ontario
FSCO said it has received complaints from stakeholders regarding billing practices by health care providers, especially in the areas of frequency of invoicing, incomplete invoices and record keeping
The Financial Services Commission of Ontario (FSCO) is warning consumers that Rockfort Company Ltd. is not licensed to do insurance business in Ontario as either an agent or company
Rate filings approved during the third quarter of 2011 (July 1 to September 30) averaged 1.21%, based on the entire market
FSCO releases updated and consolidated automobile insurance filing guidelines for underwriting rules and endorsements and technical notes for underwriting rules
FSCO survey of 24 insurance companies finds few consumers have purchased optional SABS coverages since auto insurance reforms
FSCO finds Lima Automobile Insurance Company collecting premiums from clients without providing coverage
