Author Archives: Admin2

What the Liberal Majority Government Means For Ontario Auto Insurance

There is no timetable for re-introducing Bill 171.  There were some strong objections expressed over several provisions in the Bill – barring access to the courts for accident benefit disputes and reducing the prejudgment interest rate.  It will be interesting to see if there are any changes should the Bill be re-introduced.

http://williehandler.blogspot.ca/2014/06/what-liberal-majority-government-means.html

What a Liberal majority means for Ontario auto insurers

“In our opinion, the Liberals understand the Ontario auto issue and are committed to a two-sided solution (rate reductions met with claims cost reductions),” Mr. MacKinnon wrote in a note to clients.

http://www.theglobeandmail.com/report-on-business/what-a-liberal-majority-means-for-ontario-auto-insurers/article19163363/

Ontario Liberals to reintroduce budget, IBAO calls for bills reforming auto claims, towing

Now that the Ontario Liberals have a majority government, they reportedly plan to re-table a budget in which they proposed to prohibit credit unions from promoting auto and home insurance online and to develop an office dedicated to investigating and prosecuting “serious fraud,” including fraudulent auto insurance claims.

http://www.canadianunderwriter.ca/news/ontario-liberals-to-reintroduce-budget-ibao-calls-for-bills-reforming-auto-claims-towing/1003111643/

Internet users’ privacy upheld by Canada’s top court

Canadians have the right to be anonymous on the internet, and police must obtain a warrant to uncover their identities, Canada’s top court has ruled.
http://www.cbc.ca/news/technology/internet-users-privacy-upheld-by-canada-s-top-court-1.2673823

Ontario Liberals to reintroduce budget, IBAO calls for bills reforming auto claims, towing

Now that the Ontario Liberals have a majority government, they reportedly plan to re-table a budget in which they proposed to prohibit credit unions from promoting auto and home insurance online and to develop an office dedicated to investigating and prosecuting “serious fraud,” including fraudulent auto insurance claims.

http://www.canadianunderwriter.ca/news/ontario-liberals-to-reintroduce-budget-ibao-calls-for-bills-reforming-auto-claims-towing/1003111643/

Wynne wins Ontario – what happens now for brokers?

Ontarians gave Kathleen Wynne’s Liberals a strong majority mandate last night at the polls. So what does a Liberal majority government mean for brokers?

http://www.insurancebusiness.ca/news/wynne-wins-ontario–what-happens-now-for-brokers-178357.aspx

No Licence? No Problem! Insurer Must Defend Driver Without A Licence

This decision may force automobile insurance companies to insure clients who cause an accident while driving with a lapsed driver’s licence.

http://www.ilstv.com/no-licence-no-problem-insurer-must-defend-driver-without-a-licence/

FSCO inviting insurers, law firms to register for new dispute resolution portal

The Financial Services Commission of Ontario has announced that the registration for access to its new dispute resolution services portal is now available for insurance companies and law firms.

http://www.canadianunderwriter.ca/news/fsco-inviting-insurers-law-firms-to-register-for-new-dispute-resolution-portal/1003110301/

Telematics Nightmare Scenario: Litigation

The information gathered by Original Equipment Manufacturer (OEM) systems like OnStar and Usage-Based Insurance (UBI) plug-ins can be used as prime evidence in a number of litigation scenarios ranging from vehicle accidents to divorce proceedings, and even in contested child custody issues. For the purposes of this article, the potential costs solely of collecting this data and answering subpoenas for these three areas of legal exposure alone are taken into account. However, other potentially costly types of cases with significant litigation risk also exist.

http://www.insurancetech.com/regulation/telematics-nightmare-scenario-litigation/240168405

Ontario Psychological Association responds to FSCO 2014 Statement of Priorities

In recent years, however, efforts to reduce insurance premiums have created significant barriers to access No‐Fault benefits for Ontarians whose injuries take the form of mental disorders. While mental disorders create significant disability, they are often “invisible”. All too frequently, their victims experience discrimination and denial of their claims. Where claims are accepted, mental disorders are usually quickly dismissed as being “minor injuries” simply because the seriousness of the injury is not always visible. This is even more problematic due to the documented inadequacy of publicly-funded services.

OPA FSCO 2014 Draft Statement of Priorities-Final-June3