FAIR – supporting auto accident victims through advocacy and education
FAIR – supporting auto accident victims through advocacy and education
FAIR – supporting auto accident victims through advocacy and education
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“The regulator must be an effective model for excellence for financial sector regulation in Ontario, with a mission to protect and promote a broad range of consumer interests in a manner that is proactively responsive to changing consumer needs, as well as adaptive to new and sometimes disruptive future technology.”
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The recent J.D. Power 2016 Insurance Digital Evaluation Study highlighted a rift between consumers and insurance companies online. The study (in its fifth year) found that only 55 per cent of those asked would return to their insurer’s website to have service needs met. Updating a user profile or adding a driver or vehicle to a policy were the largest frustrations for customers, scoring the lowest satisfaction points.
Less than a week after a survey commissioned by the Financial Services Commission of Ontario found that only 10% of Ontario drivers reported being “very knowledgeable” about the elements in a standard auto policy, a new poll has found that many Quebecers do not understand how their auto insurance works.
The Ontario Court of Appeal’s decision to have an injured appellant’s fee agreements with two law firms reassessed shows that the court felt a need to step in and ensure the client was not deprived of his right to an assessment, even though he urgently needed the money, Toronto personal injury lawyer Darryl Singer tells Legal Feeds.
The Workplace Safety and Insurance Board (WSIB) today released its By the Numbers: 2015 WSIB Statistical Report. The report highlights trends in injuries, illnesses, recovery and return to work in Ontario’s overall prevention system and industry sectors.
The panel recommends that a new Financial Services Regulatory Authority (FSRA) be established, and it should exercise both prudential and market conduct functions. The panel – comprised of George Cooke, James Daw and Lawrence Ritchie – made its recommendation to create FSRA in an interim report released in November, 2015. The final report, dated March 31, was made public Monday and contains 44 recommendations.
http://williehandler.blogspot.
FSCO regulates auto insurance rates in Ontario. FSCO also operates a dispute resolution system to mediate and arbitrate auto insurance disputes, but that centre is no longer accepting applications because its functions are being transferred to Ministry of the Attorney General’s Licence Appeal Tribunal.
The key recommendation is the creation of a super agency that would be more powerful, more flexible and more accountable than the three existing agencies responsible for regulating auto insurance, pension plans, mortgage brokers, loan and trust companies and credit unions.
In May, the Liberal government proposed new rules around political fundraising that would ban corporate and union donations while reducing the amount individuals could contribute.
http://www.cbc.ca/news/canada/
Being a paralegal is a second career for me. Before becoming a paralegal, I, like many hardworking people in this country, suffered a workplace injury; an equipment malfunction resulted in an injury to my shoulder. The injury was serious enough to impair my ability to lift moderate to heavy weight, which was a major component of my job duties on an assembly line. Since the injury occurred while I was working, I was thrust into the world of the Workplace Safety and Insurance Board (WSIB).