Insurance companies are brushing up their reasons why rates can’t be cut while the government hunts for savings elsewhere. Check out the comments on this one
Author Archives: Admin2
RMR: Insurance Brokers – We take your money.
Rick Mercer on insurance – hilarious take on our insurance industry marketing strategies and what we get for our money.
Auto insurance companies consider tracking drivers to reduce rates
There are growing signs that auto insurance companies in Ontario may have found a way to comply with the Ontario government’s decision to cut premiums.
http://www.newstalk1010.com/News/localnews/blogentry.aspx?BlogEntryID=10599054
DSM-5 leaves employers bracing for disability claims
Employers are preparing themselves for a spike in disability insurance premiums after the reworked Diagnostic and Statistical Manual of Mental Disorders delivered a slew of new diagnoses.
FAIR will attend discussions at the Dispute Resolution System Review on October 8, 2012
The intent of Rule 41.01 is unachievable if prior adverse comments about an expert witness are not allowed…Is it fair to injured, vulnerable litigants to do nothing when Ontario’s arbitrators call the reports they must rely on to decide eligibility to benefits “inaccurate, failed, misleading, defective, incomplete, deficient, not correct and flawed”. (http://www.fairassociation.ca/the-independent-medical-examination-imeie/) Lowering the standard of ‘expert testimony’ has lowered the possibility for justice and created an unsafe environment for injured auto accident victims.
FAIR submission to the Ontario Dispute Resolution System Review September 20 2013
College launches conversation on transparency – have your say about IME physician oversight
The College has launched a multi-staged initiative that will see us examine our information-sharing practices and determine how we might make more information available about decisions and processes. The College is inviting feedback on this consultation from the profession, the public and other stakeholders. Names of individual participants will not be posted, however the names of organizations will be posted. Check the CPSO website for further details about posting guidelines. Deadline for feedback: November 11, 2013
http://policyconsult.cpso.on.
http://www.cpso.on.ca/
Transparency Principles http://policyconsult.cpso.on.ca/wp-content/uploads/2013/09/Transparency-Principles.pdf
FAIR submission to the Review of Ontario Regulation 237-13 Industry-wide Rate Reduction Target September 30 2013
Cracking down on fraud or cutting costs does not mean that cracking the backs of the vulnerable and cognitively impaired citizens is the right thing to do. The interests of big business (profit, profit, profit) should not surpass those interests of the most injured and disabled among us or our society as a whole. Allowing further cuts to benefits to support the cuts to premiums will only shift the responsibilities and costs to our society and to the taxpayers. Surely accident victims deserve better treatment than to be abandoned by those who are supposed to be looking out for them in a time of need – first by the insurer who fails to live up to the promise of coverage and then by the government who fails to act to protect their interests.
New non-profit uses analytics on pooled company data to fight auto insurance fraud in Canada
“The insurance industry has formed a new not-for-profit organization focused on using analytical tools to identify suspicious claims in the industry’s pooled data, to facilitate further investigation.”