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Originally posted by malek you are truly a retard, we are talking about car insurances and why it cost less in Quebec (because of the SAAQ and its no-fault system). The SAAQ is solely funded by the premiums paid by drivers in Quebec. Equalization fund programs such as health and education for example but not SAAQ! Do you understand that? You chose the wrong guy to argue with.

Wow you really do get upset when people argue with you. If you actually did some research and did your home work you would see you are wrong. See the link below from the Insurance Bureau of Canada. The report quoted is from an independent study they commissioned to look at the differences in insurance rates between provinces and also private and public car insurance.

From the independent report at the end of 2006. On page 39 and 40. The government can afford to subsidize this because of the equalization payments.

http://www.ibc.ca/en/Media_Centre/d..._nrDec27-06.pdf



Governments have intervened to control the price of insurance. In Quebec, insurance rates have increased only 30 per cent over three decades, far below the rate of inflation. The result is that relative to other provinces, Quebec’s insurance rates appear to be a bargain. However, Quebec’s taxpayers have subsidized such low rates through the tax system. One estimate is that in the current year, the Societe de l'assurance automobile du Quebec will take in only $750 million while it will pay out almost $1.2 billion, a $450 million deficit.54 Taxpayers, instead of consumers who drive and according
to their relative risk, end up paying that difference.

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Originally posted by rabbitjoker Exactly. Insurance companies will even refund you if they take more premiums in than claims (assuming they are a mutual). State Farm has refunded premiums to me twice.

Kind of inaccurate there RJ... when one is insured with a mutual company then the policy is also a share certificate (meaning that purchasing a policy makes you a shareholder); subsequently, they are really paying you a dividend rather then refunding premium.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by VERTiG0 I wonder what the final bill was when I had my car totalled by a cop cruiser earlier this year.

Ahh, I just heard about this accident the other day. Très shitty.

Hell of a thing. Sorry to hear abt that situation, Cale.

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TECHNO IS THE BEST NOISE ON EARTH.
Save Techno - Stop Minimal / Tech-House

Quick question for those in the industry:

Is it normal to have 3 separate 3rd party claims adjusters hounding me to meet with them about an accident? I just got a call from a completely new company I have never heard of, SCM Claimspro. I thought this bullshit was done with. I fucking HATE insurance.

There is comparative negligence in New York State...do you have this in Canada?

quote:

Originally posted by VERTiG0 Quick question for those in the industry: Is it normal to have 3 separate 3rd party claims adjusters hounding me to meet with them about an accident? I just got a call from a completely new company I have never heard of, SCM Claimspro. I thought this bullshit was done with. I fucking HATE insurance.

That really depends on how many parties were involved in the accident. Each one will have an insurer and if they are trying to determine fault and whether or not they have an exposure for an injury claim from you then they will want to talk to you. As an adjuster I would strongly encourage you to do so (at your convienence) as your evidence may be very valuable... assuming that you aren't making an injury claim... if you are then you may not want to. That said... if you gave a statement to your own insurer then you can simply authorize them to obtain a copy from them.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by BuffaloLiz There is comparative negligence in New York State...do you have this in Canada?

Joint and Several liability and comparative negligence in Ontario... but only for bodily injury and economic losses that exceed a verbal and/or monetary threshold.

*** edit, you also have J&S

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quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

quote:

Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by musicsnob_NOT Wow you really do get upset when people argue with you. If you actually did some research and did your home work you would see you are wrong. See the link below from the Insurance Bureau of Canada. The report quoted is from an independent study they commissioned to look at the differences in insurance rates between provinces and also private and public car insurance. From the independent report at the end of 2006. On page 39 and 40. The government can afford to subsidize this because of the equalization payments. http://www.ibc.ca/en/Media_Centre/d..._nrDec27-06.pdf Governments have intervened to control the price of insurance. In Quebec, insurance rates have increased only 30 per cent over three decades, far below the rate of inflation. The result is that relative to other provinces, Quebec’s insurance rates appear to be a bargain. However, Quebec’s taxpayers have subsidized such low rates through the tax system. One estimate is that in the current year, the Societe de l'assurance automobile du Quebec will take in only $750 million while it will pay out almost $1.2 billion, a $450 million deficit.54 Taxpayers, instead of consumers who drive and according to their relative risk, end up paying that difference.

wait a second there, you are basing your opinion on this tiny paragraph without any context???

Truly you have no idea what you are talking about, and this report is clearly biased to favour private insurance corporations.

The defecit is explained by the huge cushion the SAAQ has been cumulating over the decades, that's why it can be in defecit a given year (2006 in this example)...

But that doesn't mean the government is subsidizing it. If you had taken a few moments to check the annual SAAQ report i posted a linkt to, all of its monies is coming from Quebec drivers, not the tax payers at large as this bogus report is insinuating.

That being said, the SAAQ won't be able to run 450 millions defecits year after year without hiking its premiums... guess what is already hapening

p.s. you are still wrong, and you owe my home province an apology

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Originally posted by VERTiG0 Quick question for those in the industry: Is it normal to have 3 separate 3rd party claims adjusters hounding me to meet with them about an accident? I just got a call from a completely new company I have never heard of, SCM Claimspro. I thought this bullshit was done with. I fucking HATE insurance.

Craig answered most of it but just to give you a break down here of the adjusters that could call you on a two vehicle collision.

Physical Damage Adjuster - the adjuster that handles your auto claim.

Accident Benefit Adjuster - the adjuster who handles your injury claim.

Your Insurer Bodily Injury Adjuster - This adjuster would handle possible injury claim in the third party vehicle.

Independent Adjuster - An independent adjuster, like myself, hired by your insurance company to handle any one of the above parts of the claim or to just do task work

3rd Party Physical Damage Adjuster - May call you just to confirm details of the loss.

3rd Party Bodily Injury Adjuster - This is the adjuster most like to call you.

3rd Party Independent Adjuster - same as above but for the third party insurer.

The company, SCM Claimspro, is an independent adjusting firm. Most likely they have been hired by the third party insurer to investigate a possible Bodily Injury Claim.

Like Craig said, if an adjuster from your company came and took a statement from you then just tell the adjuster they can have a copy and to send you an authorization form to sign.

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Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48

quote:

Originally posted by malek wait a second there, you are basing your opinion on this tiny paragraph without any context??? Truly you have no idea what you are talking about, and this report is clearly biased to favour private insurance corporations. The defecit is explained by the huge cushion the SAAQ has been cumulating over the decades, that's why it can be in defecit a given year (2006 in this example)... But that doesn't mean the government is subsidizing it. If you had taken a few moments to check the annual SAAQ report i posted a linkt to, all of its monies is coming from Quebec drivers, not the tax payers at large as this bogus report is insinuating. That being said, the SAAQ won't be able to run 450 millions defecits year after year without hiking its premiums... guess what is already hapening p.s. you are still wrong, and you owe my home province an apology

P.S. The current fund of the SAAQ, the cushion i was talking about, is worth 5.7 billion, so it could still run 450 millions deficits for a while... link http://www.lacaisse.com/EN/DEPOSANT.../deposants.aspx

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Originally posted by ChemEnhanced Craig answered most of it but just to give you a break down here of the adjusters that could call you on a two vehicle collision. Physical Damage Adjuster - the adjuster that handles your auto claim. Accident Benefit Adjuster - the adjuster who handles your injury claim. Your Insurer Bodily Injury Adjuster - This adjuster would handle possible injury claim in the third party vehicle. Independent Adjuster - An independent adjuster, like myself, hired by your insurance company to handle any one of the above parts of the claim or to just do task work 3rd Party Physical Damage Adjuster - May call you just to confirm details of the loss. 3rd Party Bodily Injury Adjuster - This is the adjuster most like to call you. 3rd Party Independent Adjuster - same as above but for the third party insurer.

Jesus what a colossal waste of resources. Thanks for the info guys, I'm going to tell this dude to get a copy rather than waste my time.

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Originally posted by VERTiG0 Jesus what a colossal waste of resources.

Dude!

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down