570 News March 5 2014 - Great comments!
Steven
Del Duca, Parliamentary Assistant to the Minister of Finance, Re:
Ontario’s governing Liberals have introduced legislation that they say
will help reduce auto insurance rates, even though they’re not mandating
a cut to premiums. Finance Minister Charles Sousa says rates have
dropped 5% on average across Ontario and will fall further to the 15%
target if the bill passes. He says the legislation will combat fraud,
make it easier to settle disputes and curb costs. Critics point out
Ontario made regulatory changes in 2010 that greatly reduced costs for
the insurance industry, but those savings have not been passed along to
drivers.
______________________________
570 News Tuesday Mar. 4, 2014
Rick
Dubin, Vice President of Investigations at Insurance Bureau of Canada,
Re: March is Fraud Prevention Month and the IBC is taking aim at a
number of issues that hurt insurers and Canadians. Staged collisions.
Unscrupulous auto repair shops. False medical claims. Fake auto theft.
Padding an otherwise legitimate claims. These are just some of the
insurance scams that criminals commit.
______________________________
Sprint partners with Ontario 'connected car' company on usage based insurance
Policyholders
who use the program from Sprint through their insurers have data
transmitted over the Sprint wireless network to a cloud-based system
that analyzes the information with driver-scoring software.
______________________________
Financial Services Commission of Ontario Launches Fraud Prevention Month Campaign
Source:
No comments:
Post a Comment
Thank you for your comments.
Canadian Insurance News does not endorse any of the views posted. By submitting your comments, you acknowledge that we have the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever.