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INSURANCE BROKERS OF TORONTO REGION (IBTR) LUNCHEON, JANUARY 22, 2013

January 22, 2013 by Canadian Underwriter

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The Greater Toronto Area remains Ontario’s trouble spot for auto despite the fact that the September 2010 reforms are working well on the accident benefits side, Brigid Murphy, president and CEO of The Dominion, said in a speech January 22. “The changes in the regulations have worked incredibly well on the accident benefits side, better than expected. That’s the good news. The bad news is people who were living off accident benefits coverage have moved over to the tort side,” Murphy noted during the Insurance Brokers of Toronto Region (IBTR) January luncheon. She praised the approach used by the Ontario Auto Insurance Anti-Fraud Task Force, saying the group looked at the system as a whole.