Tag: ontario auto insurance

Auto insurance fraud gets more attention in Ontario

Logan B.
insurance fraud

Insurance Bureau of Canada wants more action to be taken on the problem of insurance fraud Auto insurance fraud is on the rise in Ontario, Canada, and some insurers believe that relatively little is being done to resolve the issue. The Insurance Bureau of Canada is beginning to urge the provincial government to take action on the issue with the re-introduction of legislation that is meant to specifically combat insurance fraud. The legislation is known as the Fighting Fraud and Reducing Automobile Insurance Rates Act and insurers believe that it…

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Usage based auto insurance gains more attention in Ontario

Nordstrom
Telematics Usage based auto insurance

Usage based insurance plans are starting to see widespread adoption Usage based auto insurance is beginning to pick up momentum in Ontario, Canada, but the Financial Services Commission of Ontario has been slow to grant approval for the technology used for this type of insurance coverage. Insurance companies operating in the province have begun applying for approval to use the technology that is capable of monitoring a person’s driving habits. Insurers suggest that this technology could help lower insurance costs for drivers significantly, depending on how often they actually drive.…

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Auto insurance usage based programs could reduce rates by 15 percent

Julie Campbell
usage based insurance auto

Providers in Ontario are eyeing these new telematics plans as the Canadian province seeks to lower premiums. The government of the Canadian Province of Ontario has tasked the auto insurance industry with reducing rates by 15 percent, and they are now looking to usage based programs based on telematics to be able to achieve this goal. That said, this type of plan is not necessarily designed to benefit people who commute every day in rush hour traffic. Auto insurance companies are now seeking to speak with the financial services regulator…

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Auto insurance fraud to blame for high costs

Julie Campbell
Auto insurance fraud

According to the industry, it is the scammers and thieves that are to blame for consumers having to pay too much. Drivers in Ontario, Canada have been complaining about the high cost of auto insurance, and the industry in that province has now responded by confirming that these consumers are right, consumers are paying too much. However, the reason for these skyrocketing prices is that fraudsters are keeping costs high for the insurers. Massive investigations into the auto insurance rates in Ontario have been underway since the NDP (New Democratic…

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New auto insurance modifications in Ontario impact coverage for rehabilitation

Drivers in Ontario, Canada, are discovering that due to changes in auto insurance, if their doctors prescribe rehab after a car accident, the associated costs may not be covered by their policies. The brain injury clinic director from St. Michael’s Hospital in Toronto, Dr. Donna Ouchterlony, explained that there have been a growing number of declined claims for treatment plans by insurance companies. She explained that this is having a very deep impact and that “They no longer have to have a doctor review [in order] to refuse [treatment].” She…

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