Lorraine Explains: Don’t let misleading Top 10 lists fool you about auto insurance
“Lies, damned lies, and statistics” is a quote attributed to various famous folk, but the upshot is the same: we can make numbers twist and turn in conversational breezes until they say whatever we want, whatever makes us look better.
Right now, in most of Canada, car insurance rates continue to rise like a giant pan of Jiffy Pop stuck in the fire.
Political parties roll into power promising to clean up the mess made by the other guys, only to find the mess has been so long in the making, at some point their own party has been part of the problem.
They stumble away from an epic issue with un-sexy solutions and hope consumers will forget. According to the Insurance Bureau of Canada, fraud is costing Canadians billions every year. It’s “an illegal, organized big business, largely unknown to consumers, that siphons resources away from our health care system, ties up our emergency services and courts, and drives up insurance costs,” the org writes.