Finance Minister Dwight Duncan announced over 40 changes to Ontario’s auto insurance system last Monday. Will this package bring premiums down?? Or even freeze vehicle insurance rate increases over the longer term?? The short answers: no and no. The main changes are: * offering choice for non-catastrophic medical and rehabilitation costs. Policyholders can opt to  more...

Ontario’s car insurance industry is undergoing significant change: -the provincial government is overdue on its promised 5-year product reform update. -rates are rising sufficiently to warrant media attention – often with a cumulative annual impact of +10%. -a few insurers are “dumping” policyholders, even though they may not have had a claim. Does this make  more...

The government of Samoa – a small nation in the South Pacific – declared a 2-day national holiday last week for its 180,000 citizens; the reason was somewhat unusual.  Essentially, the governing authorities wanted – no, needed – fewer vehicles on the road, while everybody re-learned to drive. Why would drivers, some of whom had  more...