Alberta's superintendent of insurance issued more than $1.5 million in fines against 16 auto insurance companies for overcharging motorists for coverage, but what hasn't been revealed is how much extra money drivers had to pay. The Insurance Bureau of Canada and several of the penalized companies say the money has already been refunded to drivers. Intact Insurance was fined $165,000 over the four-year period, the second highest among the penalized companies. Economical Insurance and its affiliate Sonnet Insurance were fined the same amount. Issue of trustA group that is often critical of the insurance industry says the number of charges and the amount of fines against insurance companies will further tarnish the industry's reputation.

Source: CBC News September 29, 2020 10:52 UTC