Responding to widespread disappointment with the transparency
process that was meant to clarify insurer profits, and the lack of
political will to address the issue, the Ontario Trial Lawyers
Association has released an updated independent financial report
that confirms allegations of overcharging and dubious accounting
tactics by insurers. The resulting furor is destined to land on the
desk of the newly appointed special advisor on auto insurance.
Maia Bent, president of the Ontario Trial Lawyers Association,
was one of those who was seriously disappointed with the apparent
sabotaging of the transparency initiative. "E-mails obtained
[through the Freedom of Information Act] reveal that the government
knew prior to retaining them that KPMG was in a conflict of
interest due to the fact that KPMG acted for insurance companies
and the IBC in ratefiling applications. Even knowing this, it went
ahead.
