Toronto, Ontario -- November 24, 2014 -- The Ontario government announced on November 20 the passing of a new auto insurance bill which it says will contribute towards protecting the provinceâ€™s nine million licensed drivers.
â€œThese important changes are the next step in our Cost and Rate Reduction Strategy. Weâ€™re building on earlier efforts to fight fraud and abuse, reduce costs and uncertainty and improve consumer protection,â€ Liberal Minister of Finance Charles Sousa stated in a release. â€œWeâ€™re working hard to help Ontario drivers save money on their auto insurance rates.â€
Bill 15 â€” the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014 â€” is intended to help fight fraud and consumer abuse by reducing rates for drivers, while also transforming the provinceâ€™s auto insurance dispute resolution system to help settle claims faster.
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