Sunday, October 6, 2013

Insurance News - Sunday, October 6, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Sunday, October 6, 2013:
  • Man lobbying government to have convicted distracted Ontario drivers receive demerit points.
  • A study by Liberty Mutual in the U.S. finds that adult children avoid discussing concerns with senior parents’ driving.
  • The insurance industry officially announces CANATICS -- Canadian National Insurance Crime Services with the appointment of a CEO.  The organization is to use sophisticated analytics to support the identification of fraudulent activity.
  • Not what you would expect but a new study indicates that Toronto countdown crosswalks have led to increase in pedestrian collisions.
  • Woman charged with selling over 300 fake auto insurance policies to people in the Detroit area.

Friday, October 4, 2013

Insurance News - Friday, October 4, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Friday, October 4, 2013:
  • Toronto woman accused of bilking fellow Filipinos of over $500,000 in a phony chiropractic clinic scam, pleads guilty to 16 counts of fraud.
  • The Ontario government continues to consider an overhaul of its definition of “catastrophic impairment."
  • First privacy breach under Obamacare has already occurred: In Minnesota confidential information accidentally sent to broker.
  • In case you were wondering, the U.S. government shutdown may impact on the P&C insurance industry.
  • Highway to become Britain's first Internet-connected road and could pave the way for self-driving cars.

Thursday, October 3, 2013

Insurance News - Thursday, October 3, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, October 3, 2013:
  • U.S. survey indicates most insurance policyholders would prefer to have a simple explanation of their insurance policy in terms they can understand and have policy details explained in a brief, one-page summary.
  • By investing in telematics and setting up the Independent Broker Resources Inc (IBRI), brokers are signalling that they are prepared to compete with direct writers who currently dominate UBI.
  • On January 1st California will become the 8th state to allow policyholders to get their policy renewals delivered electronically.  I understand FSCO's view is that there is no legislative barrier to electronic policy renewals in Ontario.
  • The good news is the number of deer-auto crashes has dropped off in the U.S. The bad news is more deer are dying from disease. 
  • Thomson Reuters has a new white paper explores the growing presence of organized crime in insurance fraud and it's free to download.