For years after 9/11 all we have heard from the insurance companies is, they’re losing money.
Claims were so high due to the ripple effect rates were soaring through the roof.
Then came natural disasters, floods, hurricanes, tornadoes, tsunamis, drought, forest fires, and let’s not forget about the recession.
More was going out then coming in was all we heard.
A study, conducted by York University Schulich School of Business, reveals in 2013 alone, Ontario consumers likely overpaid for car insurance by $840 million.
They estimated that consumers may have overpaid by between $3 and $4 billion over the period 2001 to 2013.
The NDP tried to make an election issue out of this but failed to get the public’s attention, no surprise there.
The advice from experts is to shop around, not only for rate, but also level of coverage which has been steadily declining of late.
Meanwhile our pockets are getting picked from so many angles, it’s hard not to get distracted by one, while the other attacks.
I’m Scott Thompson.
Wednesday on The Scott Thompson Show!
Mayor Eisenberger tells us about his stadium tour.
http://player.900chml.com 905-645-3221 firstname.lastname@example.org