The IBC has issued a “fact check” on the newest Ontario Trial Lawyers Association (OTLA) report, with spokesman Ralph Palumbo declaring that the study “isn’t fair, it isn’t serious and it isn’t factual.”
The study, an updated analysis of Ontario’s auto insurance industry, found that the province’s consumers “likely” overpaid on their premiums by $1.5 billion in the past two years, amounting to $100 per policy in 2014 and $120 per policy in 2013.