Ontario Auto Reform – Bill 198

Effective September 1, 2010, Bill 198 in Ontario came into effect to address the rising cost of claims. Many of the changes were specific to accident benefits. Medical and rehabilitation expenses has been reduced from $100,000 to $50,000 Attendant care expenses has been reduced from $76,000 to $36,000 Cargiver, housekeeping and home maintenance expenses are [...]

Posted Under: Auto Insurance,Industry
This post was written by on September 3, 2010 Comments (0)

Credit Scoring for Determining Auto Insurance Rates

The Financial Services Commission of Ontario (FSCO) issued a reminder in February 2009 to all insurers in Ontario that the use of credit scoring for auto insurance quoting and underwriting is prohibited by law.  The reminder followed complaints from consumers who were having difficulty in obtaining auto insurance as insurers were requiring credit information prior to providing [...]

Posted Under: Industry
This post was written by on March 27, 2009 Comments (0)