The Ontario NDP’s proposal to lower auto insurance rates by 40% may be a little high, but a 25% to 30% cut in total premiums is possible, says financial management consultant David Marshall. In its platform released before the upcoming…
If the Ontario Progressive Conservative Party moves ahead with one of its proposed changes to auto insurance, it could result in increased claims costs for auto insurers, or else shift the burden more onto extended (supplementary) health insurance policies, says…
Restricting lawsuits to only the most serious auto accident cases is one reform provincial governments in private auto insurance sectors should adopt to improve the cost and value of auto insurance, says financial management consultant David Marshall. Marshall is a…
Adequate coverage on a no-fault basis for catastrophically injured accident victims is probably the most value that personal injury auto insurance should deliver, says David Marshall, a financial management consultant who has served as a senior advisor to the Government…
Editor’s Note: This story has been updated to include comment from Insurance Bureau of Canada Faulty design features of private-sector auto insurance and excessive government regulation are the main reasons to blame for challenges facing the private-sector auto markets,…
Ontario’s mandatory auto insurance system needs more than a tune-up