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Fee cap on PI lawyers a good start: brokers

“Government needs to step up to the plate, take on this issue and come up with a reasonable solution that will result in decreasing the cost of claims and settlement expenses,” says Randy Carroll, the former CEO of the Insurance Brokers Association of Ontario and author of the blog ‘Let’s Talk About the Elephant in the Room.’ “No-fault insurance was supposed to eliminate lawyers’ involvement and cost – not increase it.”

http://www.insurancebusiness.ca/news/fee-cap-on-pi-lawyers-a-good-start-brokers-190339.aspx

Ontario court case over SAMS starts Wednesday

“There are people who have been evicted from their apartments because the government rent cheque didn’t come through. I don’t think the Minister understands the magnitude of this. If she does understand, her hard-heartedness is off the scale.” — Warren (Smokey) Thomas, OPSEU President

http://nupge.ca/content/12214/ontario-court-case-over-sams-starts-wednesday

A low-speed crash creates hefty repair bill: Roseman

I was driving into an underground parking lot when I made a sharp left turn and caught my wheel on a raised barrier outside an unused booth. The car hit a concrete wall on the passenger side.

http://www.thestar.com/business/personal_finance/2015/04/15/a-low-speed-crash-creates-hefty-repair-bill-roseman.html

The Truth Revealed About Insurance Companies’ Profits in Ontario

Dr. Fred Lazar and Dr. Eli Prisman, from the York University Schulich School of Business conclude in a recent study that for the period 2001 to 2013 consumers in Ontario have likely overpaid for auto insurance by between $3 and $4 billion. This money has not gone to accident victims nor to lower premiums for consumers – instead this money has gone straight to the insurance companies coffers. In 2010, deep cuts were made to auto insurance benefits payable to those injured in auto collisions.

http://otlablog.com/ontario-insurance-profits/

CANATICS releases data-driven tool to combat organized fraud

In 2012, the Ontario Automobile Insurance Anti-Fraud Task Force found that “fraud is substantial and has a material impact on premiums,” particularly in relation to automobile claims.

http://www.insurancebusiness.ca/news/canatics-releases-datadriven-tool-to-combat-organized-fraud-190306.aspx

Fee cap proposed for personal-injury lawyers

Days after an opening salvo from the Ontario Trial Lawyers Association, the insurance industry has replied with its own broadside, endorsing a proposed fee cap on personal-injury lawyers.

http://www.insurancebusiness.ca/news/fee-cap-proposed-for-personalinjury-lawyers-190277.aspx

IBC Fact Check: Trial lawyers’ 40% fees gut victims’ benefits

40%: That’s the share that some personal injury lawyers in Ontario take from accident victims in contingency fees. While many lawyers take less – a quarter or a third – insurers and drivers all agree: lawyers’ fees are simply too high and have a significant impact on the cost of auto insurance.

http://www.ilstv.com/ibc-fact-check-trial-lawyers-40-fees-gut-victims-benefits/#.VS6aHfBqS1A

MD gets revoked licence back after court ruling on sex-assault case

An Ajax obstetrician and gynecologist who was twice found guilty of professional misconduct for sexually abusing female patients had his medical licence reinstated by the College of Physicians and Surgeons of Ontario Tuesday.

http://www.ourwindsor.ca/news-story/5557934-md-gets-revoked-licence-back-after-court-ruling-on-sex-assault-case/

Toronto Star’s View: Ontario’s auditor general should investigate auto insurance rates

A new study showing Ontarians were likely over-charged for auto insurance by $840 million, in one year alone, is sufficient cause for a fresh investigation by the province’s auditor general.

http://www.ourwindsor.ca/opinion-story/5553990-toronto-star-s-view-ontario-s-auditor-general-should-investigate-auto-insurance-rates/

Ontario’s auditor general should investigate auto insurance rates: Editorial

It’s no secret that Ontario residents are forced to pay a lot for auto insurance — we face rates that are 45 per cent higher than in Alberta, and about double what they are in the Maritimes. Hard-pressed consumers deserve more assurance that they aren’t being gouged.

http://www.thestar.com/opinion/editorials/2015/04/13/ontarios-auditor-general-should-investigate-auto-insurance-rates-editorial.html