Why would an insurer pay out a claim when it can make money by delaying that claim indefinitely? When they are getting 4% on their money, and they only have to pay interest to the claimant at 1.3%, they can’t lose in that scenario,” OTLA president Charles Gluckstein charges.
OTLA reports it is also concerned about certain changes to Ontario’s auto insurance dispute resolution system (DRS). A recent review by Justice Douglas Cunningham includes a number of sensible reforms, OTLA notes, but the group strongly cautions the government to reconsider changes that it argues “would deprive injured accident victims of the opportunity to access the courts in cases involving denials of statutory accident benefits.” http://www.canadianunderwriter.ca/news/ontario-trial-lawyers-association-calls-for-amendments-to-proposed-auto-reforms/1002953628/