Author Archives: Admin2

Rate reduction target for Ontario auto may ‘negatively impact’ underwriting profitability: OSFI

by Admin2
The Office of the Superintendent of Financial Institutions (OSFI) has released its annual report for 2013-14, noting that the target in Ontario to reduce auto insurance premiums by 15% could have a negative impact on profitability.

Insurance for young drivers ranges from exorbitant to utterly unaffordable

by Admin2

The auto industry should join forces with the housing sector to investigate what happens when young people can no longer afford what they have to sell.

For different reasons, both of these pillars of our economy are looking at serious affordability problems.

http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/unlocking-lower-insurance-rates-for-young-drivers/article20883208/

Automobile Insurance Benefits Increase

by Admin2

CHARLOTTETOWN – Automobile accident victims will be able to access improved rights to recover for pain and suffering and enhanced accident benefits effective Oct. 1, says Environment, Labour and Justice Minister Janice Sherry.

http://www.ilstv.com/automobile-insurance-benefits-increase/

Proposed Amendment to O. Reg. 34/10 (Statutory Accident Benefits Schedule – Effective September 1, 2010)

by Admin2
This proposed amendment would provide that where there is a dispute in respect of an insured person’s entitlement to, or amount of statutory accident benefits, interest on overdue SABS payments is calculated at the prejudgment interest rate described in the Courts of Justice Act that is used for past pecuniary loss, and is payable from the date on which a mediation proceeding is commenced and ends on the date a settlement is reached or a decision is issued that finally disposes of the dispute.

http://www.ontariocanada.com/registry/view.do?postingId=15542&language=en

Courts of Justice Act, s.127
Postjudgment and Prejudgment Interest Rates

http://www.attorneygeneral.jus.gov.on.ca/english/courts/4th_Quarter_2014_CJA_Pre_Postjudgment_Int

Proposed accident benefits amendment on interest rates for car accident injury victims

by Admin2

On September 30, 2014, Ontario’s government proposed a new amendment to the accident benefit regulation that governs the no-fault benefits available to car accident injury victims.

http://www.personalinjurylawlawyer.ca/proposed-accident-benefits-amendment-interest-rates-car-accident-injury-victims/

Law society probes hamstrung by heavy caseloads and gag rule, ex-auditor says

by Admin2

John Cottrell, a former investigator with the Law Society of Upper Canada, said staff probing lawyer misconduct faced “a lot of pressure” to close case files quickly, and were barred from sharing information with police even in cases of suspected criminal activity.

Clairmont: Dying Hamilton man not sick enough for benefits

by Admin2

Bruce Thompson has terminal cancer and is not eligible for CPPD despite 25 years of contributions

They cheat, you pay – IBC top 10: tips to detect and avoid auto insurance fraud

by Admin2

TORONTO, Oct. 1, 2014 /CNW/ – Insurance crime is not victimless. A 2012 report by KPMG estimates that auto insurance fraud costs Ontarians up to $1.6 billion every year. When fraudsters drive up auto insurance costs, you pay more for insurance.

http://www.newswire.ca/en/story/1420982/they-cheat-you-pay-ibc-top-10-tips-to-detect-and-avoid-auto-insurance-fraud

Public must be informed about disease outbreaks at health clinics: Editorial

by Admin2
Where are the tweets? The online postings? The news releases?
After a hepatitis C outbreak at three Toronto colonoscopy clinics infected 11 people since 2011, you’d think the health of patients would be the top priority for the government — as well as for the organizations charged with acting on infectious disease control and inspecting clinics.
And you’d think their first line of defence would be to warn the public – and other clinics – about the outbreaks, while they acted to ensure there wouldn’t be further infections.
But silence and secrecy over a 21-month period when others were becoming infected was — and is — the order of the day.

http://www.thestar.com/opinion/editorials/2014/09/29/public_must_be_informed_about_disease_outbreaks_at_health_clinics_editorial.h

Provincial, state medical regulators must report doctors to police

by Admin2

Boards in Alberta, various American states would have had to report Mississauga doctor who sexually abused female patients to authorities