http://www.cbc.ca/marketplace/2009/credit_card_catch/main.html Other people who have been screwed in Canada by balance protector insurance...Read the Comment section, watch the video...CBC Marketplace...
http://www.moneyhighstreet.com/finance-news/all-to-stop-selling-single-premium-payment-protection-insurance-ppi/ Why payment protector insurance has been banned in England...
http://www.guardian.co.uk/money/2009/jan/30/payment-protection-insurance-ban Notice that insurance cannot be sold bundled with credit card activation anymore...
http://www.stikeman.com/cps/rde/xchg/se-en/hs.xsl/3812.htm Is there a possibility of a class action lawsuit against Assurant Solutions Canada, the underwriter for balance protection insurance on credit cards?
Assurant Solutions, also known as ABLAC, American Bankers Life Assurance company of Florida, & Canada Premier Life Assurance, were all owned by AIG Canada, who was bought by BMO Bank of Montreal on April 1, 2009...Combined, AIG CANADA, through various arms & names, underwrote for TD Canada trust, RBC, Sears, Capital One & CIBC, & possibly others I am not aware of...
I myself (Sari Grove), am out $2,684.70 plus interest...(My husband, Joseph Grove is also on that account)...It appears there are thousands more like us, just from looking at comments on the CBC marketplace site in 2009 when they did the documentary on balance protection insurance, as well on Ellen Roseman's site's comment, the financial watchdog, rip off report.com reports, & various other online sources...
I was concerned that if we pursued this in small claims court, that we might be hurting others who were similarly taken, but did not have the ability to defend themselves...I am concerned that if we get a refund, through all of our hard work, that others will not also get a refund...I am aware that once we get a refund, if we do, that we might psychologically let it all go by- but others may not have been successful...
What do you think? Do you think we could have success in a class action pursuit? Not even sure if TD Insurance, the issuer, should be the one named, or perhaps BMO, because they now own the underwriter AIG Canada's holdings? Or just sue everybody in Canada who sold balance protector insurance in Canada since 2001, & force them to refund all monies taken from unsuspecting victims/customers...I myself, Sari Grove, am self-employed & do not qualify for any benefits...As such, the contract should be void abinitio...(& the contract rescinded...) But who am I to quote Latin?
Tell us what you think... Sari Grove [email protected] 416-924-9725 Toronto, Ontario, M5R3M6...(I am a self-employed visual artist...grovecanada.ca if you'd like to verify what I do...My husband too...)