Originally posted by C_Ellenzweig
In fact, Canadian insurance companies pay out over $1.01 for every dollar they take in. (You can check this with the Insurance Bureau of Canada)
Forgot one thing, don't be fooled by the name, the Insurance Bureau of Canada is anything but an objective source for information. For those who don't know it's an organization of insurers, so you can go ahead and believe the thieves when you ask them how much they've stolen if you like. If you want the real score without the industry's self-interested rhetoric just compare rates between the provinces that have public auto insurance and those that don't.