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NDP Leader Andrea Horwath accuses insurance industry of jacking up auto premiums
Industry compensating for 15 per cent reduction in rates mandated by Liberal budget earlier this year, she says.
Car insurance cuts – Numbers show Ontario’s auto insurers can easily afford a 15% reduction in premiums over 2 years
Using dollars instead of ratios, in 2012 Ontario’s car insurers collected $3.78 billion in accident benefits premiums but paid out only $1.67 billion in claims and adjustment expenses.
FAIR submission to the Ontario Dispute Resolution System Review September 20 2013
“Vulnerable and innocent accident victims, whose treatment and benefits are dependent on the quality of the assessments and evidence, should not be the victims of a lesser degree of the standard of justice in our courts.”
FAIR submission to the Ontario Dispute Resolution System Review September 20 2013
Ontario Rehab Alliance Submission to the Dispute Resolution System Review
“Along with a number of other stakeholders we believe that sub-par Insurer Exams put increased and unnecessary pressure on the DR system. Insurer exams, when properly done and well regarded, play a vital role – providing insurers with insight and expertise to assist them in making difficult decisions from a layperson’s perspective and, in so doing, helping insure that benefit dollars are well used.”
Ontario Rehab Alliance Submission to the Dispute Resolution System Review
OTLA’s Submission to the Review of FSCO’s Dispute Resolution Services
“Although a seeming oxymoron, “compelling good faith” on the part of insurers in the handling of mediation claims is a concept in need of exploring as part of the DRS review.”
OTLA’s Submission to the Review of FSCO’s Dispute Resolution Services
Independent Broker Resources to offer broker-owned telematics
The Independent Broker Resources Inc. (IBRI), a wholly owned subsidiary of the Insurance Brokers Association of Ontario (IBAO) has announced it intends to partner with Quindell Portfolio to introduce what it calls “ground-breaking telematics technology” to the Canadian marketplace. The partnership will launch a broker owned telematics solution.
Supreme Court of Canada denies Zefferino leave to appeal decision in Ontario auto lawsuit
The Supreme Court of Canada has denied an application by Nicola Zefferino, who lost a lawsuit two years ago against Meloche Monnex Insurance Company, to appeal a ruling by the Ontario Court of Appeal. http://www.canadianunderwriter.ca/news/supreme-court-of-canada-denies-zefferino-leave-to-appeal-decision-in-ontario-auto-lawsuit/1002606392/
CAA Insurance launches basic legal expense coverage product
According to CAA, the basic Legal Expense Insurance coverage will include unlimited access to a Legal Advice Helpline to discuss any personal matter Coverage for reasonable costs incurred pursuing or defending certain personal disputes http://www.canadianunderwriter.ca/news/caa-insurance-launches-basic-legal-expense-coverage-product/1002602824/8q0lyvscjhW6x08yM2vx/?ref
Ontario brokers support bill seeking lower auto insurance premiums for new drivers
If passed or adopted by the provincial government, new drivers could pay less, but would have premiums increase in the event of an at-fault accident.