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Monday, 8 September 2014

Insurance News - Monday, September 8, 2014

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Monday, September 8, 2014:

  • Japanese property and casualty insurance companies plan to let crime syndicate members buy auto insurance so that victims can be compensated in the event a gangster causes an accident.
  • Usage-based insurance (UBI) policies are slowly gaining traction with Canadian drivers, but experts say uptake will remain slow until privacy concerns are allayed.
  • However, a Towers Watson survey shows the number of consumers in the U.S. with a UBI policy has nearly doubled.
  • According to a new research report, shipments of OEM embedded telematics systems worldwide are forecasted to grow from 8.4 million units in 2013 at a compound annual growth rate (CAGR) of 30.6 percent to reach 54.5 million units in 2020.
  • Toyota is not planning on developing a driverless car but instead will focus on improved safety systems including monitoring for distracted driving.
Posted by Willie Handler at 12:33
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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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