While autonomous vehicles are expected to reduce or possibly even eliminate auto premiums, one industry leader suggests that such an insurance outcome is not necessarily inevitable – or at least not for some time.
http://www.insurancebusiness.
Author Archives: Admin4
How self-driving vehicles could increase premiums
Man refuses to pay Guelph’s emergency services fee for out-of-towners
It was in January 2014 and he was driving north on Brock Road in Guelph, when he was involved in the three-vehicle collision. The 56-year-old was working in Puslinch at the time, commuting from his home in Ilderton, near London.
WSIB responds to Alec Caldwell’s post alleging a claims denial binge: “No change in the WSIB’s allowance rate”
There has been no change in the WSIB’s allowance rate. Today, workers are getting their claims approved faster than ever before. In fact, 92% of all eligibility decisions are made within 2 weeks, compared to 65% in 2008.
Report accuses WSIB of interfering with medical professionals’ opinions
(Canadian OH&S News) — A new joint report from the Ontario Federation of Labour (OFL) and the Ontario Network of Injured Workers’ Groups has claimed that the Workplace Safety and Insurance Board (WSIB), Ontario’s workers’ compensation authority, has been ignoring the recommendations of medical professionals in order to close injured workers’ cases.
WSIB (Ontario) on a claims-denial binge as they transfer $285 million into their investment fund
Evidence to dispute what WSIB says about the savings from improved health and safety programs comes from the very people who police Ontario’s Occupational Health and Safety Act: the Ministry of Labour (MOL).
No new admissions to sheltered workshops, minister says
Ontario is moving to stop new admissions to the provincially funded sheltered workshops where people with intellectual disabilities labour for pennies a day, says the Minister of Community and Social Services.
http://www.thestar.com/news/
Overhaul of auto insurance system needed before crisis hits
A new Ontario Trial Lawyers Association (OTLA) report finding consumers have likely overpaid by $1.5 billion for auto insurance over the last two years signifies the need for a major review of the system, London personal injury lawyer and OTLA president Maia Bent tells Collision Repair magazine.
http://www.advocatedaily.com/
THE TRUTH REVEALED ABOUT INSURANCE COMPANIES’ PROFITS IN ONTARIO
Dr. Fred Lazar and Dr. Eli Prisman have updated the 2013 report to include data for 2014. The update found that consumers likely overpaid by $1.5 billion in the last two years alone. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million in 2013. In addition to overpaying for insurance, the report concluded that the total industrywide profits in 2014 alone were 10.6 per cent – or nearly twice the levels considered reasonable. To read more about auto insurance and to download a copy of the report, click the “Download The Report” icon on the right side of this page.
$60,000 Non-Pecuniary Assessment For Chronic Soft Tissue Injury With Associated Headaches
In today’s case (Hinder v. Yellow Cab Company Ltd) the Plaintiff was involved in an intersection collision. The Defendant denied liability but was found fully at fault at trail. The Plaintiff suffered a variety of soft tissue injuries, some of which resolved. She continued to have neck symptoms with associated headaches at the time of trial (some five years later) which were expected to linger into the future.
Social Media, Privacy, and High-tech Fishing Expeditions: Digital Evidence in the 21st Century
In today’s high tech world, the ubiquity of social media, wearable technology and the digitization of everything we touch, see and do leaves behind a trail of digital fingerprints. As such, it’s no surprise that starting a personal injury lawsuit in the digital age often comes with many challenges; one of which is the potential production of “private” social media details to insurance companies.