I was driving into an underground parking lot when I made a sharp left turn and caught my wheel on a raised barrier outside an unused booth. The car hit a concrete wall on the passenger side.
Author Archives: Admin2
The Truth Revealed About Insurance Companies’ Profits in Ontario
Dr. Fred Lazar and Dr. Eli Prisman, from the York University Schulich School of Business conclude in a recent study that for the period 2001 to 2013 consumers in Ontario have likely overpaid for auto insurance by between $3 and $4 billion. This money has not gone to accident victims nor to lower premiums for consumers – instead this money has gone straight to the insurance companies coffers. In 2010, deep cuts were made to auto insurance benefits payable to those injured in auto collisions.
CANATICS releases data-driven tool to combat organized fraud
In 2012, the Ontario Automobile Insurance Anti-Fraud Task Force found that “fraud is substantial and has a material impact on premiums,” particularly in relation to automobile claims.
Fee cap proposed for personal-injury lawyers
Days after an opening salvo from the Ontario Trial Lawyers Association, the insurance industry has replied with its own broadside, endorsing a proposed fee cap on personal-injury lawyers.
http://www.insurancebusiness.ca/news/fee-cap-proposed-for-personalinjury-lawyers-190277.aspx
IBC Fact Check: Trial lawyers’ 40% fees gut victims’ benefits
40%: That’s the share that some personal injury lawyers in Ontario take from accident victims in contingency fees. While many lawyers take less – a quarter or a third – insurers and drivers all agree: lawyers’ fees are simply too high and have a significant impact on the cost of auto insurance.
http://www.ilstv.com/ibc-fact-check-trial-lawyers-40-fees-gut-victims-benefits/#.VS6aHfBqS1A
MD gets revoked licence back after court ruling on sex-assault case
An Ajax obstetrician and gynecologist who was twice found guilty of professional misconduct for sexually abusing female patients had his medical licence reinstated by the College of Physicians and Surgeons of Ontario Tuesday.
Toronto Star’s View: Ontario’s auditor general should investigate auto insurance rates
A new study showing Ontarians were likely over-charged for auto insurance by $840 million, in one year alone, is sufficient cause for a fresh investigation by the province’s auditor general.
Ontario’s auditor general should investigate auto insurance rates: Editorial
It’s no secret that Ontario residents are forced to pay a lot for auto insurance — we face rates that are 45 per cent higher than in Alberta, and about double what they are in the Maritimes. Hard-pressed consumers deserve more assurance that they aren’t being gouged.
We Were Right.. Auto Insurance Rates Are Too High
A study commissioned by the Ontario Trial Lawyers Association found that something called the Profit Benchmark, which is used to set rates is way out of whack .
http://www.900chml.com/2015/04/13/we-were-right-auto-insurance-rates-are-too-high/
Ontario drivers overcharged $3 billion on insurance: Study
Drivers in Ontario overpaid on their auto insurance by about $3 billion over the past decade – even as accident benefits have been cut.