Mr. Jagmeet Singh: Now, I challenge the Liberal government, I challenge the members on the other side, to show me how this bill, particularly the two components I talked about-how will changing the dispute resolution system from the FSCO arbitrators to the Licence Appeal Tribunal reduce fraud? It won’t. I dare you to show me how it will. You can’t show that. So your title that says “Fighting Fraud and Reducing Automobile Insurance Rates Act” in that regard is false. I challenge you to show me how reducing the interest rates charged to encourage insurance companies to settle quicker-reducing them from 5% to 1.3%-reduces fraud in any way. I challenge you to show me how that reduces fraud. You won’t be able to show me that. Again, the title “Fighting Fraud and Reducing Automobile Insurance Rates Act” is false in those two areas, and those are the two biggest components of this bill.
Mr. Jagmeet Singh: There’s no incentive to settle quicker. This is another example of allowing the insurance industry to delay. They actually make money on delaying. They can take the amount of the settlement, if it’s a $100,000 settlement or a $400,000 settlement—whatever the settlement is, they can take that money and reinvest it and make more money. It actually benefits them to delay it. How does this reduce fraud? How does this benefit the drivers of Ontario?