Author Archives: Admin2

Manitobans benefit from public auto insurance system: CAC

While Ontario drivers pay the highest auto insurance premiums in Canada, Manitobans continue to benefit from the public auto insurance system, says the president of the Consumers Association of Canada (CAC).

http://www.mysteinbach.ca/newsblog/25736.html

Wawanesa joins CANATICS – further increasing investigative footprint in Ontario

Ben Kosic, President and CEO of CANATICS, the Canadian National Insurance Crime Services, today welcomed The Wawanesa Mutual Insurance Company to the fold.   “We are pleasedWawanesa has joined CANATICS and our fight to combat insurance crime.  Our membership now includes ten insurers representing 75% of the direct written premium market for auto insurance in Ontario.”

Regulate property insurance Consumers have no way of knowing if they’re getting good value for money at present – Shanoff

Why is it that auto insurance is the subject of government regulation, yet there’s little or no regulation over other forms of insurance such as property insurance?

Vote for the selected nominees for the Awards of Excellence in Brain Injury Rehabilitation, to be presented by the Ontario Brain Injury Association (OBIA).

The voting is now open at the following link: http://www.thomsonrogers.com/awards-of-excellence-2014/voting#.U-EumVboYUs

JD Power CONSUMER RATINGS & AWARDS

2014 Canadian Auto Claims Satisfaction Study – AWARD RECIPIENT: DESJARDINS GENERAL INSURANCE

TOO EASY

“Anti-fraud bill a mirage” (Alan Shanoff, July 27): It’s always so easy for him to point a finger at the insurance industry. His mirage is his total ignorance of the fact there are many people who are abusing the auto insurance product and living off the car accident business. Bill 15 is an excellent start aimed at reducing costs and eliminating legal delays. It will assist in making sure that people will receive the money they are entitled to. It’s high time we stop laying blame and deal with the real problem. Bill 15 gets us on that road.

Ralph Palumbo, Vice-President, Ontario, Insurance Bureau of Canada

(Shanoff has never denied there is fraud committed against the auto insurance industry. What he has argued, convincingly, is that many honest people who faithfully pay their premiums do not get the benefits they deserve and that the Ontario government is doing nothing about it) – Editor

N.B. auto insurance rates higher than accident prone N.L.

Auto insurance in New Brunswick is regulated by the New Brunswick Insurance Board. In the last several years they have received multiple submissions about insurance companies charging millions too much for auto insurance in the province given the low rate of claims.

http://news.ca.msn.com/local/newfoundland/nb-auto-insurance-rates-higher-than-accident-prone-nl-1

Interest on Litigation Loan Recovered from Defendant in Supreme Court of Nova Scotia Decision

A recent Nova Scotia Costs Order represents the first time in that province that a defendant has been ordered to reimburse interest incurred by a plaintiff in full on litigation loans which were “necessary to continue the litigation”.

http://www.bridgepointfinancial.ca/blog/commentary/Interest-on-Litigation-Loan-Recovered-from-Defendant-in-Supreme-Court-of-Nova-Scotia-Decision.php

INSUREYE CONSUMER EXPERIENCE

Check the rating and comments about your insurance company

https://tools.insureye.com/pct/rating

Magnetic brain stimulation shows promise in treating depression and PTSD

http://globalnews.ca/news/1490808/magnetic-brain-stimulation-shows-promise-in-treating-depression-and-ptsd/