The Registered Insurance Brokers of Ontario report automobile insurance fraud

TORONTO, Feb. 8 /CNW/ - Recently the Registered Insurance Brokers of Ontario has experienced a number of calls from people who have been caught in an insurance scam.

Newspaper ads have been placed in several Ontario city newspapers and most recently in the London Ottawa and Toronto newspapers, advertising Auto Insurance and to call a number. The perpetrators of the scheme seem to place the newspaper ads for about a week and then move onto another city and newspaper.

They are advertising using the name "Security Insurance Inc." and the newspaper ad states:

✓ Check THIS out!

AUTO INSURANCE PROBLEMS?
Bad Driving Record? Take advantage of
Our one year insurance premium package.
Starting for $700 - 2200/year
Save up to $800 Get your quote now at
www.securityinsuranceinc.com
or call 1-800-508-6630
Some conditions may apply.

The address and telephone number that appear on the website are as follows:

Ontario Office
355 Adelaide Street
Suite 302,
Thunder Bay, Ontario
P7A 7T8
Telephone:  1 800 508 6630
Facsimile: 1 888 456 3813

The victim is then directed to send money by Western Union money gram for the auto insurance coverage.

Subsequently the victim then does not receive any policy and when they follow up and call the phone number, it is out of service and they are left with no valid insurance in place.

People should exercise caution when purchasing their insurance and make certain they are dealing with a legitimate Insurance Broker or Agent.

Any persons who may have been caught by the above scam, please call the Registered Insurance Brokers of Ontario at 416-365-1900 or 1-800-265-3097 or Barbara@ribo.com .

The Registered Insurance Brokers of Ontario (RIBO) is the self-regulatory body for insurance brokers in Ontario. Established in October 1981, RIBO regulates the licensing, professional competence, ethical conduct, and insurance related financial obligations of all independent general insurance brokers in the province. See www.ribo.com for more information

SOURCE Registered Insurance Brokers of Ontario (RIBO)

For further information:

Barbara Dalgleish-Reid, (416) 365-1900, 1-800-265-3097, email: Barbara@ribo.com

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Registered Insurance Brokers of Ontario (RIBO)

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