Quote:
Originally Posted by onetwo_threefour
I call for a Royal Commission into auto insurance. If insurers are lying to the regulators, they need to be punished by a premium rollback and freeze for awhile. If it's the other side, then the insurance company gets their proposed hike. I think it's abundantly clear that our regulatory system is fundamentally broken if there is this much uncertainty about what's really going on.
|
I don't disagree with this at all. If you look at the financial ratios for these companies you can see in a few seconds that they are making money. They did before the cap was in place and will continue to do so if the cap is removed.