- FSCO's third quarter rate approvals are posted and they show a decline of 0.68% for the entire market. However, CAA rates are dropping by 7.15%, as the insurer appears to be the first company to aggressively accept the government rate reduction strategy.
- Ontario auto insurers are moving closer to widespread deployment of usage-based insurance programs.
- Florida appeals court finally lifts temporary ban on part of auto insurance law clearing the way for enforcement on anti-fraud reforms.
- Meanwhile, a Florida crack down on insurance fraud has led to 1,571 arrests for the first half of this year.
- Self-driving cars projected to reduce injuries by 90 percent and save $450 billion annually in the U.S. What impact will that have on premiums?
- Not only that, but data shows that self-driving cars are smoother, safer drivers than humans.
Monday, 28 October 2013
Insurance News - Monday, October 28, 2013
Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Monday, October 28, 2013: