Critics continue to question Ontario auto insurance

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By Jeff Sanford Toronto, Ontario — November 9, 2015 — The recent report on Ontario auto insurance from the Ontario Trial Lawyers Association has been hotly debated. The report claimed Ontario auto insurers are benefiting from a cap on profitability that is far too high in the current interest rate environment. The report also points […]

Big profits: York U prof says insurer ROE should be cut in half

Dr. Fred Lazar, an Associate Professor of Economics at York University, believes Ontario auto insurers return on equity should be cut in half. It's currently capped at 12 percent.

By Jeff Sanford Toronto, Ontario — October 22, 2015 — Critics of the insurance industry were heartened last week by the appearance of a report from the Ontario Trial Lawyers Association that claimed Ontario auto policyholders were overcharged by more than $700 million last year. According to the report auto insurance customers have overpaid for […]

Report: Ontario auto insurance industry ‘fundamentally broken’

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By Jeff Sanford Toronto, Ontario — October 15, 2015 — A fascinating, incendiary new report prepared by the Ontario Trial Lawyers Association (OTLA) suggests that the auto insurance in Canada’s largest province is in deep need of reform. The Ontario Trial Lawyers Association (OTLA) hired two York University Schulich School of Business Professors, Fred Lazar and […]