Do You Know the Truth about Auto Insurance in Ontario?

By Roger Foisy on July 14th, 2015

I am continually disappointed by the ongoing changes to auto insurance in Ontario.

In two recent blogs, I have outlined recent major changes to auto insurance that are harmful to motor vehicle accident victims:

Auto InsurancePoliticians and auto insurance companies would like consumers to believe they have victims’ best interests at heart, but that is simply not the case.

Today, I would like to draw your attention to the Ontario Trial Lawyers Association’s (OTLA) website about auto insurance. This website,, shines a much-needed light on the activities of the auto insurance companies and policy makers in the past 15 years.

Here are some sobering facts:

  • Coverage for those injured in car crashes has been eroding since 1990
  • Ontarians have likely overpaid for auto insurance by $3-4 billion between 2001 and 2013
  • Auto insurance profits are increasing, while coverage for victims is being reduced
  • The introduction of the Minor Injury Guideline has, in practice, slashed medical and rehabilitation benefits for nearly 80% of injured victims from $100,000 to $3,500
  • Auto insurance companies are able to make significant profits because the Return on Equity (ROE) benchmark is highly inflated – it should be around 5.8%, but instead is at 12%

I urge you to visit the website and download the full report by Dr. Fred Lazar and Dr. Eli Prisman, prominent business professors. It’s time we stood up for motor vehicle accident victims in Ontario.

>> Roger R. Foisy is an Ontario Personal Injury Lawyer with experience representing motor vehicle accident victims. If you or a loved one has been injured, please don’t hesitate to contact us for a free consultation and immediate support.

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