Author Archives: Admin2

Focus: Appeal court puts end to different rules for rural, urban drivers

The Ontario Court of Appeal has stepped in to stop the creation of subcategories of drivers in considering the duty of care owed by municipalities on their roads.

Auto insurance bill has pros, cons

Bill 15 – aimed at lowering auto insurance rates – was passed by the Ontario legislature on Nov. 20, 2014. The bill aims to lower auto insurance by an average of 15 per cent by August 2015.

http://spokeonline.com/2015/01/auto-insurance-bill-has-pros-cons/

Auto-insurance fraud no longer growing, report says

TALLAHASSEE — Florida Chief Financial Officer Jeff Atwater hopes lawmakers continue to show patience with a 2012 law designed to reduce fraud in the state’s “no-fault” auto-insurance system.

http://www.orlandosentinel.com/business/os-pip-insurance-no-fault-florida-nsof-20150107-story.html

Will Google Cars Eviscerate the Personal Injury Bar?

The potential for error in such heavily software-dependent systems is extraordinary when combined with the limitless potential for collisions. There will be new meaning to the idea of computer crashes.

http://www.newyorkpersonalinjuryattorneyblog.com/2014/12/will-google-cars-eviscerate-the-personal-injury-bar.html

Google Poised to Enter U.S. Auto Insurance Market: Report

Google Compare Auto Insurance Services Inc., its online auto insurance shopper, has been licensed to sell insurance in at least 26 states and is working with several insurers including Dairyland, MetLife and Mercury Insurance, Forester Research’s Ellen Carney reported in her blog this week.

http://www.insurancejournal.com/news/national/2015/01/09/353593.htm

Ridesharing and Car Insurance: A Little White Lie?

When Harry Campbell first decided to supplement his 9 – 5 (as an aerospace engineer) by driving for Uber and Lyft, it was the subversive nature of the startups that drew him in as much as the promise of a little extra cash.

https://quoted.thezebra.com/720/ridesharing-and-car-insurance/

The Taxability of Lump Sum Long Term Disability Settlements (CRA Changes January 1, 2015)

Damages for pain and suffering are non taxable. Damages for past and future income loss are taxable. But these heads of damages apply to tort claims such as car accident and general negligence cases (slip and fall, dog bite, etc.)

http://www.torontoinjurylawyerblog.com/2015/01/the-taxability-of-lump-sum-long-term-disability-settlements-cra-changes-january-1-2015.html#more

Food bank offers respite, training assistance

Each year, more than 21,000 people are supported through the Guelph Food Bank hamper and excess food programs. Thirty-six per cent of the food bank’s clients are children.

http://www.guelphmercury.com/opinion-story/5245897-food-bank-offers-respite-training-assistance/

Reducing Error Ratios in Underwriting for Compliance and Cost Reduction

Over the years I have been involved in a few insurer studies regarding the cost of mistakes. The most obvious, to an underwriter, is the cost of re-issuing policy documents processed in error. No one publishes these statistics (too embarrassing), but I am sure that almost every insurance company, at one time or other, has done similar studies and or tracks these mistakes as a KPI.

http://www.insblogs.com/legal/reducing-error-ratios-underwriting-compliance-cost-reduction/3323

Law society, Toronto police begin talks to improve communication

Discussions follow a Star probe that showed the Law Society of Upper Canada is often slow to report alleged fraud by lawyers to police.