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Automobile Insurance: Insurers
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The Insurance Bureau of Canada has recently given a clarification on why one should not accept the claims of Insurance Corporation of British Columbia (ICBC) on the subject of automobile insurance rates. Apparently ICBC had cited references of two sources that confirm that the insurer is charging fair rates and are comparable to rates charged else where by other insurance companies. The bureau noted that one of the references stated - Consumers' Association of Canada, does not have authentic and reliable data. As such it would be unwise to base an argument on the same.
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All automobile insurance companies operating in Ontario are required to file rate change requests with FSCO. FSCO must, by law, approve each insurance company’s automobile insurance rates. If an automobile insurer needs to make a rate change — either upwards or downwards — it must file an application with FSCO.
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New Yorkers have long enjoyed a competitive automobile insurance market. In fact, nearly 270 insurers currently write automobile insurance in New York State and these companies generate over $8 billion in annual premium. This resource center will help you choose among these insurers in order to provide the best protection for you and your family.
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Mercury, founded in 1961 by its Chairman George Joseph, operates primarily as a personal automobile insurer and in some states ... provides some additional personal and commercial insurance products. More information can be found at http://www.mercuryinsurance.com
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