TORONTO – The Ontario legislature passed a bill Thursday aimed at reducing car insurance premiums an average of 15 per cent by next August from where they were in the summer of 2013.
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IBC, brokers pleased auto insurance bill passes in Ontario
The Insurance Bureau of Canada said Thursday it welcomed the news that theOntario legislature has passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act
“It’s a great step and strikes a blow at those in the car accident business who have wrongly profited from the current auto insurance product,” said Ralph Palumbo, vice president for Ontario at IBC said in a statement issued shortly after the bill passed. http://www.canadianunderwriter.ca/news/ibc-pleased-auto-insurance-bill-passes-in-ontario/1003362269/
Ontario targets fraud to help cut auto insurance by 15 per cent
TORONTO – The Ontario legislature passed a bill Thursday aimed at reducing car insurance rates an average of 15 per cent by next August from where they were in the summer of 2013.
http://globalnews.ca/news/1682906/ontario-to-vote-today-on-reducing-car-insurance-premiums/
Auto Insurance Legislation Passes, Will Help Reduce Costs and Fight Fraud
Ontario has passed the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014, which will help the provincial government continue to fight fraud and abuse, reduce costs and uncertainty in the auto insurance system and protect more than nine million licensed drivers across the province.
Auto insurance bill passes in Ontario Legislature
Sousa said 21 of the 120 auto insurance companies in Ontario have already lowered their premiums an average of 10 per cent in just over a year.
http://www.cbc.ca/news/canada/toronto/auto-insurance-bill-passes-in-ontario-legislature-1.2841928
New auto insurance legislation restricts right to sue, critics say
The Ontario Trial Lawyers Association says the devil is in the details of legislation designed to reduce auto insurance premiums and tackle fraud.
Province drives through auto insurance rate reductions
Ontario has passed the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014, which will help the provincial government continue to fight fraud and abuse, reduce costs and uncertainty in the auto insurance system and protect more than nine million licensed drivers across the province.
http://www.northernlife.ca/news/localNews/2014/11/21-auto-insurance-bill-sudbury.aspx
IBC pleased auto insurance bill passes in Ontario
The Insurance Bureau of Canada said Thursday it welcomed the news that the Ontario legislature has passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act.
Insurance model ‘scandalously dishonest,’ says FAIR
As debate over Bill 15 continues at Queen’s Park, one accident victims’ group is advocating that the Colorado Model of Assessors be adopted.
http://www.insurancebusiness.ca/news/insurance-model-scandalously-dishonest-says-fair-185489.aspx
Ontario’s Fall Economic Statement Focuses on Auto Insurance Consumer Protection
The auto insurance focus of this year’s Ontario Economic Statement is consumer protection although not everyone is going to agree that these measures are strictly to protect consumers. The statement provides a summary of government activity that is ongoing.