Ministry of Finance Auto Review

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The Ministry of Finance has engaged the accounting firm KPMG to provide annual reports to the government in 2014 and 2015 on a variety of issues relating to auto insurance, including the effect of the 2010 changes on the SABS, whether the recommendations made by the Anti-Fraud Task Force have achieved their objectives, the implications of the Douglas Cunningham DRS report, and the effect that specific cases such as Scarlett v. Belair and Henry v. Gore have had on those who claim accident benefits.

The 2014 final report is expected to be released this fall and follows the release of the April 2014 interim report, which you can read here:

http://www.fin.gov.on.ca/en/autoinsurance/kpmg-expert-report.pdf

Seventeen different stakeholders, including various legal associations, consumer groups, and insurance groups have been asked to provide feedback. I expect that I will have input on the submissions of one or more groups, so I welcome your thoughts.

 

Topics:  Auto Insurance, Automotive Industry, Car Accident, Fraud, Insureds

Published In: Finance & Banking Updates, Insurance Updates, Personal Injury Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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