Insurance News - Tuesday, June 30, 2015

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, June 30, 2015:

• New KPMG report warns insurers unprepared for self-driving cars.
• Smart cars and accident benefit cuts could decimate the personal injury bar.
• The long history of the fight against Uber - the Luddites have returned.
• California reveals details of self-driving car accidents.
• Bill Gates thinks Uber has the best shot at self-driving cars.

OMPP Introduced 25 Years Ago Today

On June 22, 1990, the Ontario government under David Peterson introduced the Ontario Motorist Protection Plan (OMPP).  The OMPP disappeared long ago but no-fault auto insurance has prevailed in Ontario.  For a look back on how the system has evolved please see my earlier article.

 

Insurance News - Thursday, June 11, 2015

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, June 11, 2015:

• Google seems to be laying the groundwork to underwrite its own policies, displacing traditional insurance carriers.
• Google has hit a significant milestone. Its self-driving cars have now covered over 1 million fully autonomous miles.
• Google has started publicly disclosing details of accidents involving its self-driving cars. The company released the first of what it says will be monthly reports summarizing accident data and highlights from testing.
• Getting a full discount with usage-based insurance can be tricky.
• A recent survey shows that more men than women want to own an autonomous car, and more millennials than older generations.

Insurance News - Sunday, June 7, 2015

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Sunday, June 7, 2015:

• California has a new insurance product to help close the gap in coverage for drivers driving for ride sharing companies.
• As Michigan struggles to control costs, a State Senator proposes making auto insurance a second payer to health insurance.
• $1,000 tickets for distracted driving, $500 for biking without a light and other laws to hit Ontario streets.  Twelve things you need to know about Bill 31.
• Allstate says its Ride for Hire policy will cost $15 to $20 a year on average and will provide coverage for drivers using apps like Uber who get into accidents while they are on the way to pick up new fares. It said it can also help them deal with gaps in coverage between their own auto insurance and policies offered by the ride-sharing companies.
• Hundreds rally at Queens Park against cuts to auto insurance benefits on the same day Bill 91 passes.