Left Navigation Scam Alerts Across Canada, provincial and territorial governments regulate and license insurers to ensure that they comply with local laws. These government agencies also regularly publish scam alerts for consumers and businesses. It’s important to know that you are getting what you pay for when you buy an auto, home or business insurance policy.Other examples of recent insurance scams, alerts and regulatory information for consumers and businesses across the country include:British Columbia – Scams and FraudAlberta – Service AlbertaSaskatchewan – The Saskatchewan Insurance ActManitoba – Manitoba Public InsuranceOntario – Financial Services Commission of Ontario (FSCO)Quebec - Autorité des marchés financiersNew Brunswick – New Brunswick Insurance Board, Insurance Brokers Association of New BrunswickNova Scotia – Nova Scotia Barristers’ SocietyPrince Edward Island – Superintendent of Insurance and Real EstateNewfoundland and Labrador – Financial Services Regulation DivisionThe Financial Consumer Agency of Canada provides a complete list of federal oversight bodies as well as links to provincial and territorial regulators. The Canadian Council of Insurance Regulators provides additional information about its member regulators and consumer complaints. Understanding InsuranceLife is a risky business. Sometimes those risks hit home – a car collision… your basement suffering water damage… your business interrupted by vandalism. At times like these, insurance is there to help us recover, get us back on our feet and provide peace of mind.Take the Time, Report the CrimeInsurance crime can take many different forms. Recognize it. Report it. Related ServicesInsurance VendorsInsurance is a significant financial investment so it’s worthwhile to learn about your buying options. You can buy insurance from a broker, agent or direct writer.Licensing of InsurersSimilar to other professions, insurance representatives – including direct writers, brokers and agents – as well as insurance companies, are subject to government regulation.Rights and ResponsibilitiesInsurance companies, brokers and agents are committed to safeguarding your rights when you shop for insurance and submit a claim following a loss. Useful LinksAuto InsuranceRequired by law across Canada, auto insurance covers the owner/driver, passengers, pedestrians and property affected by a vehicle collision.Buying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.Business Insurance CoverageInsurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.