“Adjusting the interest rates on SABS, which he said are higher than those offered by any bank” – Insurers looking to pay less interest on the overdue payments to accident victims – then stop denying the legitimate claims!!!
Author Archives: Admin2
Industry must focus on cost management to fix Ontario auto system
Sharon Tennyson tells IBC Regulatory Affairs Symposium that there is hope for Ontario auto. One of the big issues plaguing the product, she said, is moral hazard. “By moral hazard, I mean making benefits available tends to attract claims. This can happen either by extra risk taking, extra use of benefits, or in some cases, even outright fraud,” she explained.
How A Black Box Could Lower Auto Insurance Rates
One of the major concerns held by many is that the data collected could be used against drivers down the road. If, for instance, the police come knocking on the insurance company’s door bearing a warrant, they will gain access to a client’s data.
http://www.liveinsurancenews.com/black-box-lower-insurance-rates/8530374/
Rating automobile insurance coverage Premiums higher, payouts lower — insurers maximize profits
In my view, the OTLA report card is missing two important subjects in which the insurance industry deserves an A+. Those are public relations and delay and deny tactics.
http://www.torontosun.com/2013/11/02/rating-automobile-insurance-coverage
Promises for transparency failing the disabled: Editorial
The government is refusing to give details on the success or failure of accessibility standards for the disabled.
Hamilton filmmaker fights after losing leg in collision as SIU investigates
‘Your whole life changes’ – this is what Premier Wynne and Minister Sousa need to read BEFORE agreeing to reduce coverage for catastrophic impairments – it happens in an instant – and it could be you.
Going from the exception to the rule
A perspective on referrals, ethical practices and fees
Personal Injury Law: FSCO must now tackle arbitration delays
Most plaintiffs’ personal injury lawyers detest FSCO arbitrations and avoid them whenever possible. The cumbersome arbitration process makes it impossible to quickly and economically arbitrate any day-to-day treatment denials. There’s simply no way to arbitrate a treatment denial and get a timely result and, even if that was possible, the cost of arbitrating would greatly exceed the amount in dispute even after considering the modest FSCO cost contribution consequences.
http://www.lawtimesnews.com/201310283550/headline-news/fsco-must-now-tackle-arbitration-delays
Social Justice: Real access to justice means reducing lawyers’ roles
The number of people who cannot afford a lawyer, and who are forced to represent themselves in important legal proceedings has ballooned in the last 10 years. Chief among the reasons for this development is the cost of litigation. Even people of ordinary means can no longer afford to pay a lawyer to see a case through to the end.” We need to examine each area of the law to determine options for reform with the goal of providing better access to justice and reducing the role of lawyers. For example, why do so many accident victims require a lawyer to assist with the collection of no-fault accident benefits? How can we modify the law so that insurance companies will have to provide contractually required benefits without forcing accident victims to retain a lawyer?