Now that the Ontario Liberals have been returned to power with a majority government, the Insurance Bureau of Canada is urging the provincial government to re-introduce Bill 171, which died on the order paper when the election was called last month.
Author Archives: Admin2
Manitoba’s public insurer seeks rate increase; blames bad winter
WINNIPEG – Manitoba drivers could end up paying more for auto insurance if the province’s public insurer gets its wish.
Prevalence of aggressive driving ‘troublesome:’ RBC Insurance
One in four Canadian drivers say they are “likely to take some kind of action” if they witness another driver committing what they characterize as a “pet peeve,” such as using a mobile device, failing to signal or following too closely, according to a new survey from RBC.
‘Best of the Worst’ in insurance fraud
The most costly white collar crime is tax evasion. The second worst? You probably already know.
http://www.insurancebusiness.ca/news/best-of-the-worst-in-insurance-fraud-178422.aspx?p=1
IBC: Leadership and Cooperation – A fresh start for Ontario auto insurance
Don Forgeron, President and CEO of Insurance Bureau of Canada (IBC), today called for true leadership to help lower auto insurance premiums because Ontarians deserve a better auto insurance system – one that is free of fraud and rewards safe driving.
http://www.ilstv.com/ibc-leadership-and-cooperation-a-fresh-start-for-ontario-auto-insurance/
An insurance deals for drivers who allow their cars to be tracked
Beneath the steering wheels of more than 50,000 cars in Canada are small boxes the size of a mobile phone that let insurance companies monitor when, where and how people drive. The pitch made by insurers for usage-based insurance (UBI) programs is certainly enticing: By installing the device, drivers can save up to 25 per cent on their insurance bills.
Not reasonable for insurance companies to waste money fighting policy holders
Reasonableness and common sense go a long way in preventing disputes and litigation.
Those are attributes we sometimes find in short supply at insurance companies.
What the Liberal Majority Government Means For Ontario Auto Insurance
There is no timetable for re-introducing Bill 171. There were some strong objections expressed over several provisions in the Bill – barring access to the courts for accident benefit disputes and reducing the prejudgment interest rate. It will be interesting to see if there are any changes should the Bill be re-introduced.
http://williehandler.blogspot.ca/2014/06/what-liberal-majority-government-means.html
What a Liberal majority means for Ontario auto insurers
“In our opinion, the Liberals understand the Ontario auto issue and are committed to a two-sided solution (rate reductions met with claims cost reductions),” Mr. MacKinnon wrote in a note to clients.
Ontario Liberals to reintroduce budget, IBAO calls for bills reforming auto claims, towing
Now that the Ontario Liberals have a majority government, they reportedly plan to re-table a budget in which they proposed to prohibit credit unions from promoting auto and home insurance online and to develop an office dedicated to investigating and prosecuting “serious fraud,” including fraudulent auto insurance claims.