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 […]