Ontario’s Car Insurance Regime – Changes Are Coming
PDF Version - Winter 2010 (March) E-Newsletter
When the current Bill 198 automobile insurance regime was put into place in 2003, the Ontario government indicated that it would review the regime in 5 years.
As part of a lengthy review process, the Financial Services Commission of Ontario (FSCO) made various recommendations in a report dated March 31, 2009. You can review our April 7/2009 blog for further details.
In November, 2009, the Ontario government indicated various reforms were being considered to Ontario’s auto regime – see our Nov 2/2009 blog for further details.
At the end of 2009 as part of its usual quarterly review, FSCO approved insurance premiums increases for various insurers in Ontario – see our Feb 10/2010 blog for further details.
With an eye on the Ontario’s provincial elections to take place in October, 2011, it is anticipated that the auto insurance regime changes will be implemented during the Summer, 2010.
We’ll keep you updated on the changes as this process continues.
For more background information on Ontario’s current automobile insurance regime, you can review our FAQ page or read our blogs, including those blogs under the subject areas “Motor Vehicle Accident”, “Damages” or “Bill 198 Threshold”.
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• There was a significant spike in pedestrian fatalities in Toronto during January, 2010. Background information on city intiatives and programs concerning pedestrians can be found on our Pedestrian Accidents information page. Background issues on potental damage and benefits claims by an injured pedestrian can be found in our Jan 13/2010 blog.