- 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.
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:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comments are welcome on this blog. However, comments will be moderated and inappropriate and anonymous comments will not be posted. If you wish to have your comments posted please identify yourself. No advertising will be permitted.