Archive for October, 2009

Auto Insurance Reform

October 28, 2009

Automobile insurance reform in Ontario is long overdue.  The Superintendent of the Financial Services Commission of Ontario (FSCO) has an obligation to review automobile insurance every 5 years.  In March of this year the report was submitted to the Minister of Finance.  There were 39 recommendations made by FSCO to the Minister to improve automobile [...]

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Insurance Costs Increasing ?

October 16, 2009

Here’s a great Website we disovered recently.  It gives a concise explanation, in plain language, why auto insurance premiums in Ontario are increasing.     It even provides a link to have you locate your MPP to air your grievance.  Let’s bring those automobile premiums down !  http://insuranceicanafford.ca/ The Website is the product of the Insurance Bureau of [...]

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Federal Gov’t tells Canadian Banks – Websites are considered same as a branch – Banks can’t advertise Insurance products on their websites

October 7, 2009

The Insurance Brokers Association of Canada (IBAC) is applauding Minister of Finance Jim Flaherty for sending formal letters to the large Canadian banks and the Canadian Bankers Association, making it clear the government intends to adopt policy measures that would require bank Web sites to be subject to the insurance business regime that currently applies [...]

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