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  • FAIR – supporting auto accident victims through advocacy and education
  • FAIR – supporting auto accident victims through advocacy and education

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FAIR response to FSCO’s 2014 Statement of Priorities

We would like to think that the well-being and recovery of Ontario’s accident victims is priority one for Ontario’s government. The constant erosion of coverage, the abuse of Ontario’s vulnerable accident victims by insurers and their experts tells us that this isn’t so.

FAIR response to FSCO Draft Statement of Priorities 2014 May 30 2014

Lawyers, ‘experts’, cashing in when auto insurance claims go to court

The IBC implies if less money went to other costs like legal fees, there’d be more money for accident victims.

But based on past history and particularly the reduced money going to lawyers and experts and medical facilities due to the 2010 cap of $3,500 on minor injuries, there’s little reason to believe if less money went to lawyers and experts that more money would flow to accident victims.

http://www.torontosun.com/2014/05/31/lawyers-experts-cashing-in-when-auto-insurance-claims-go-to-court

U.S. man allegedly used dead deer to fake car crashes in $5M insurance scam

Philadelphia body shop owner, 63, faces hundreds of charges along with 40 others, including a police officer

http://www.thestar.com/news/world/2014/05/29/us_man_allegedly_used_dead_dear_to_fake_car_crashes_in_5m_insurance_scam.html

Car Crashes Cost US $871B in Economic, Societal Harm

The economic and societal harm from motor vehicle crashes amounted to a whopping $871 billion in a single year, according to a study released Thursday by the National Highway Traffic Safety Administration.

http://www.citopbroker.com/news/car-crashes-cost-us-871b-in-economic-societal-harm-report-6766

Commoditization of usage based insurance offerings taking place

The current regulatory environment is fuelling commoditization of usage-based insurance (UBI) offerings, something that could be at odds with how open consumers are to exploring different options, Colin Wright, principal of Corner 2 Consulting, suggested during a presentation Thursday.

http://www.canadianunderwriter.ca/news/commoditization-of-usage-based-insurance-offerings-taking-place/1003089383/

MORE REDUCTIONS IN AUTO INSURANCE COVERAGE?

We have all experienced or heard about high insurance premiums in the Ontario auto insurance system. Why does this occur? The insurance industry wants us (and the politicians at Queen’s Park) to believe that premiums are high solely because too much money is being paid out in claims. Is this really the case?

http://oatleyvigmond.com/more-reductions-in-auto-insurance-coverage/#.U4jBMXY9ldg

Awareness of UBI programs low among Canadians, but many willing to use telematics for lower premiums

A majority of Canadians are optimistic about usage-based auto insurance if it could lower their rates, but awareness of telematics programs remains quite low, according to a new survey from Kanetix.

http://www.canadianunderwriter.ca/news/awareness-of-ubi-programs-low-among-canadians-but-many-willing-to-use-telematics-for-lower-premiums/1003086098/s7vw03Wsv64srM2vx/?ref=enews_CU&utm_source=CU&utm_medium=email&utm_campaign=CU-EN05292014

Half of polled UBI program customers report becoming better drivers: Desjardins

Half of the respondents to a poll marking the one-year anniversary of Desjardins General Insurance Group’s (DGIG) launch of its usage-based insurance (UBI) programs said they are safer drivers and almost seven in 10 said they now pay more attention to acceleration and braking

http://www.canadianunderwriter.ca/news/half-of-polled-ubi-program-customers-report-becoming-better-drivers-desjardins/1003086043/s7vw03Wsv64srM2vx/?ref=enews_CU&utm_source=CU&utm_medium=email&utm_campaign=CU-EN05292014

New KANETIX Survey Shows Canadians Do Not Really Know Usage-Based Insurance

A survey conducted by the research company, Leger, for KANETIX.ca shows only 18 percent of consumers across Canada are actually familiar with usage-based insurance.

http://www.citopbroker.com/news/new-kanetix-survey-shows-canadians-don%E2%80%99t-really-know-usage-based-insurance-6757

Telematics Conference in Toronto Steers for Answers

Insurers and brokers are debating data and sifting solutions at the two-day Insurance Telematics Canada conference in Toronto… with consumer worries and the regulatory framework uppermost in their mind.

http://www.citopbroker.com/news/telematics-conference-in-toronto-steers-for-answers-6762