THE TRUTH REVEALED ABOUT INSURANCE COMPANIES’ PROFITS IN ONTARIO

Dr. Fred Lazar and Dr. Eli Prisman have updated the 2013 report to include data for 2014. The update found that consumers likely overpaid by $1.5 billion in the last two years alone. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million in 2013. In addition to overpaying for insurance, the report concluded that the total industrywide profits in 2014 alone were 10.6 per cent – or nearly twice the levels considered reasonable. To read more about auto insurance and to download a copy of the report, click the “Download The Report” icon on the right side of this page.....

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http://truthaboutinsurance.ca/drs-lazar-prisman-report/

Profits Soar for Ontario Auto Insurance Companies

The stated aim of the deductible is to eliminate “nuisance” cases from the system. But that is achieved by the threshold. The deductible is just another way to line the pockets of auto insurance companies. If the Ontario government sees the need to tie the deductible to inflation,why are no-fault accident benefits not tied to inflation?.......

Last week, an updated study from York University School of Business Professors Fred Lazar and Eli Prisman was released that reveals consumers likely overpaid $1.5 billion in the last two years for auto insurance. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million ($120 per policy) in 2013.....

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http://otlablog.com/profits-soar-for-ontario-auto-insurance-companies/

OTLA: Updated study shows Ontario auto insurance is "fundamentally broken"

TORONTO, Oct. 15, 2015 /CNW/ - An updated study released today provides alarming new data on auto insurance in Ontario.
The study, conducted by York University Schulich School of Business Professors Fred Lazar and Eli Prisman, reveals that consumers likely overpaid by $1.5 billion in the last two years alone. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million ($120 per policy) in 2013......

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http://news.morningstar.com/all/canada-news-wire/20151015C7206/otla-updated-study-shows-ontario-auto-insurance-is-fundamentally-broken.aspx

Ontarians pay more than double in car insurance

The price of car insurance is always a hot topic in this province. It costs Ontarians more than double to drive here, than anywhere else in Canada. New figures released today show rates have fallen marginally, less than 1%… and now an independent report found the auto insurance industry is raking in large government guaranteed profits. As Kate Carnegie reports, the liberals admitted today they have more work to do to lower the rates for drivers....

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http://www.chch.com/ontarians-pay-more-than-double-in-car-insurance/