Saturday, April 11, 2015

THE HIGH COST OF CAR INSURANCE

Ontario drivers may have overpaid billions of dollars in insurance because a profit benchmark for the industry is set way too high by Ontario's regulator, a new study has found.

1 comment:

  1. The problem with the insurance industry is that it has much in common with our dairy supply management system. It is a powerful cartel that writes not just it's own rules, but pens the drafts of many other laws to ensure favourable outcomes. In short, it is a racket. This is just a bit of dancing around that will really amount to nothing substantial. It is just like the channel packaging orders from the CRTC to the satellite and cable providers. It is just a change of lipstick. The same old pigs are still underneath. All the restrictions that hamper (effectively prohibit) true competion need to be done away with before we start seeing anything like reasonable isurance rates.

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