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Wednesday, 16 July 2014

Insurance News - Wednesday, July 16, 2014

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Wednesday, July 16, 2014:

  • Ontario Liberals have re-introduced and combined Bills 171 and 189 as Bill 15.  The legislation contains some of the controversial changes introduced in Bill 171 including a reduction in prejudgment interest and restrictions on the ability to resolve SABS disputes in court.
  • FSCO has released the second quarter 2014 rate approvals.  Only five  rate filings were approved representing only 14.5% of the market.  The filings reflect an average increase of 0.22% when applied across the total market. Although this represent a small portion of the market, it seems to suggest that the government's rate reduction strategy is stalled.
  • A U.S. company will soon begin selling a kit that lets you turn your existing car into a self-driving vehicle. The system is being billed as the world's first "highway autopilot" and will cost about $10,000.
Posted by Willie Handler at 08:02
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Willie Handler
I worked 33 years in the Ontario public service, 20 of them working on auto insurance policy and regulations. My complete bio can be found on the 'About Me' tab of my blog.
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Willie Handler and Associates

I am operating a consulting practice following 33 years in various positions in the Ontario public service. During that time I have become one Ontario’s foremost expert on auto insurance having worked for 20 years on auto insurance regulatory policy for the Ontario government including 4 major reforms of the Ontario auto insurance system.

My consulting work has included advice on anti-fraud measures, a proposal on licensing on health care clinics, recommended reforms to Ontario's auto insurance dispute resolution system and research on disability management systems and territorial rating. I am available to work with government, the insurance industry and the rehabilitation sector.

I can be reached at williehandler@gmail.com.

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