Last week, the Ontario government passed Bill 15 into legislation.
The bill relates to the Ontario auto insurance system, says Aviva Canada, and aims to:
http://www.advisor.ca/news/industry-news/how-ontario-can-further-cut-auto-insurance-rates-170211
Aviva Canada is today applauding the Ontario Government for their passing into legislation of Bill 15. The Bill, which relates to the Ontario auto insurance system and was easily passed in the Ontario Legislature last week, will:
Finance Minister Charles Sousa said the bill will fight fraud within the system and lead to faster settlements of disputed claims.
http://www.torontosun.com/2014/11/20/ontario-passes-new-auto-insurance-legislation
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/
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/
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.
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
The Ontario Trial Lawyers Association says the devil is in the details of legislation designed to reduce auto insurance premiums and tackle 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.
http://www.northernlife.ca/news/localNews/2014/11/21-auto-insurance-bill-sudbury.aspx