“Everybody who is being regulated is being looked at, how can they contribute to lower costs, lower premiums,” Palumbo said, noted that contingency fees are usually in the 25 to 40% range. “We’re saying that personal injury lawyers have a responsibility as well. In terms of the auto system in particular, and fees, they aren’t regulated.”
Author Archives: Admin2
Fee cap on PI lawyers a good start: brokers
“Government needs to step up to the plate, take on this issue and come up with a reasonable solution that will result in decreasing the cost of claims and settlement expenses,” says Randy Carroll, the former CEO of the Insurance Brokers Association of Ontario and author of the blog ‘Let’s Talk About the Elephant in the Room.’ “No-fault insurance was supposed to eliminate lawyers’ involvement and cost – not increase it.”
http://www.insurancebusiness.ca/news/fee-cap-on-pi-lawyers-a-good-start-brokers-190339.aspx
Ontario court case over SAMS starts Wednesday
“There are people who have been evicted from their apartments because the government rent cheque didn’t come through. I don’t think the Minister understands the magnitude of this. If she does understand, her hard-heartedness is off the scale.” — Warren (Smokey) Thomas, OPSEU President
http://nupge.ca/content/12214/ontario-court-case-over-sams-starts-wednesday
A low-speed crash creates hefty repair bill: Roseman
I was driving into an underground parking lot when I made a sharp left turn and caught my wheel on a raised barrier outside an unused booth. The car hit a concrete wall on the passenger side.
The Truth Revealed About Insurance Companies’ Profits in Ontario
Dr. Fred Lazar and Dr. Eli Prisman, from the York University Schulich School of Business conclude in a recent study that for the period 2001 to 2013 consumers in Ontario have likely overpaid for auto insurance by between $3 and $4 billion. This money has not gone to accident victims nor to lower premiums for consumers – instead this money has gone straight to the insurance companies coffers. In 2010, deep cuts were made to auto insurance benefits payable to those injured in auto collisions.
CANATICS releases data-driven tool to combat organized fraud
In 2012, the Ontario Automobile Insurance Anti-Fraud Task Force found that “fraud is substantial and has a material impact on premiums,” particularly in relation to automobile claims.
Fee cap proposed for personal-injury lawyers
Days after an opening salvo from the Ontario Trial Lawyers Association, the insurance industry has replied with its own broadside, endorsing a proposed fee cap on personal-injury lawyers.
http://www.insurancebusiness.ca/news/fee-cap-proposed-for-personalinjury-lawyers-190277.aspx
IBC Fact Check: Trial lawyers’ 40% fees gut victims’ benefits
40%: That’s the share that some personal injury lawyers in Ontario take from accident victims in contingency fees. While many lawyers take less – a quarter or a third – insurers and drivers all agree: lawyers’ fees are simply too high and have a significant impact on the cost of auto insurance.
http://www.ilstv.com/ibc-fact-check-trial-lawyers-40-fees-gut-victims-benefits/#.VS6aHfBqS1A
MD gets revoked licence back after court ruling on sex-assault case
An Ajax obstetrician and gynecologist who was twice found guilty of professional misconduct for sexually abusing female patients had his medical licence reinstated by the College of Physicians and Surgeons of Ontario Tuesday.
Toronto Star’s View: Ontario’s auditor general should investigate auto insurance rates
A new study showing Ontarians were likely over-charged for auto insurance by $840 million, in one year alone, is sufficient cause for a fresh investigation by the province’s auditor general.