Tag: profits

Could recyclers sell electronics as parts instead of scrap?

An engine control module from a Toyota. The Vehicle Security Professional program could allow some recyclers to sell modules as parts rather than for their scrap value.

Hamilton, Ontario — September 21, 2016 — Electronic components are everywhere in modern vehicles, and buying new ones is often extremely expensive. Could automotive recyclers sell these components, not as scrap, but as parts? John Norris thinks so. He administers the Vehicle Security Professional (VSP) program, a data exchange system designed to allow eligible automotive […]

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 […]