FSCO regulates auto insurance rates in Ontario. FSCO also operates a dispute resolution system to mediate and arbitrate auto insurance disputes, but that centre is no longer accepting applications because its functions are being transferred to Ministry of the Attorney General’s Licence Appeal Tribunal.
Author Archives: Admin4
Ontario urged to boost financial protection for consumers
The key recommendation is the creation of a super agency that would be more powerful, more flexible and more accountable than the three existing agencies responsible for regulating auto insurance, pension plans, mortgage brokers, loan and trust companies and credit unions.
Ontario political fundraising rules to be reviewed at consultation in Waterloo Region
In May, the Liberal government proposed new rules around political fundraising that would ban corporate and union donations while reducing the amount individuals could contribute.
http://www.cbc.ca/news/canada/
WSIB and the Workplace Injury: Why You Need to Apply
Being a paralegal is a second career for me. Before becoming a paralegal, I, like many hardworking people in this country, suffered a workplace injury; an equipment malfunction resulted in an injury to my shoulder. The injury was serious enough to impair my ability to lift moderate to heavy weight, which was a major component of my job duties on an assembly line. Since the injury occurred while I was working, I was thrust into the world of the Workplace Safety and Insurance Board (WSIB).
Review of the Mandates of the Financial Services Commission of Ontario, Financial Services Tribunal, and the Deposit Insurance Corporation of Ontario
This link, is our Final Report regarding the mandate reviews of the Financial Services Commission of Ontario (FSCO), Financial Services Tribunal (FST), and the Deposit Insurance Corporation of Ontario (DICO).
http://www.fin.gov.on.ca/en/
New Laws Likely Insufficient in Preventing Pedestrian Deaths
As the summer season approaches, increasing numbers of pedestrians and cyclists will make their way outside to enjoy the beautiful weather. Unfortunately, Toronto Police Service safety statistics are not on the side of pedestrians; fatality numbers continue to rise despite new provincial laws to enhance road safety.
http://otlablog.com/laws-
Manitoba Public Insurance seeks 2% basic auto rate increase after “unprecedented” claims payouts
Manitoba Public Insurance (MPI) said on Friday that it has asked the Public Utilities Board for a 2% increase to Basic Autopac rates, citing an “unprecedented” year for comprehensive (non-collision) claims payouts.
The Worth of “Diminished Value” Claims in Ontario
The claim goes by many names: “diminished value”, “diminution in value” and “accelerated depreciation”. The terms are interchangeably used to describe the economic loss of a property’s value as a result of the property having been damaged.[1] The concept of diminished value as it relates to vehicles is associated with the perceived loss of value in a vehicle following an accident-related repair. The “loss” is premised on the likelihood that an informed buyer will pay less to buy a vehicle that was in an accident compared with the amount the same buyer will pay for the same vehicle had it not been in an accident.
New AG to look into assessment office delays
Ontario’s new attorney general says increasing staff levels at the Superior Court’s assessment office in Toronto is an option he will consider to help the overburdened office.
http://lawtimesnews.com/
Family MDs often left out of homecare loop, report finds
Health Quality Ontario points out that family doctors should play a central role in co-ordinating care patients receive from various sectors in the health system — but are struggling to do so.