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Ontario passes Bill 15, with focus on fighting fraud

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 province’s nine million licensed drivers.

“These important changes are the next step in our Cost and Rate Reduction Strategy. We’re building on earlier efforts to fight fraud and abuse, reduce costs and uncertainty and improve consumer protection,” Liberal Minister of Finance Charles Sousa stated in a release. “We’re working hard to help Ontario drivers save money on their auto insurance rates.”

Bill 15 — the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014 — is intended to help fight fraud and consumer abuse by reducing rates for drivers, while also transforming the province’s auto insurance dispute resolution system to help settle claims faster.

To read the full article, please visit TowProMag.com.

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