Tuesday, 9 April 2013

FSCO warns of insurance scam

 Royal Insurance Company and Stock Exchange Insurance aren’t licensed to do insurance business in Ontario, says the Financial Services Commission of Ontario (FSCO).

According to FSCO, the following phone number has been used in relation to this scam: 601-990-6303.

Victims of this scam report being directed to call this number and speak with “Gina” about arranging insurance.

In April 2012, FSCO warned that Royal Insurance was not licensed to do insurance business in Ontario.

FSCO notes that Royal Insurance Company and Stock Exchange Insurance are not affiliated or associated with Royal & Sun Alliance Insurance Company of Canada.

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