There are few news stories that arouse the imaginations of the
Ontario electorate as insurance reform. One can only assume that
tweaks to the Insurance Act regulations will be the talk
of the summer, from patios to cottage docks. All joking aside,
however, it is clear that some of the proposed changes are
significant for consumers, and will likely trigger some heated
debate amongst those in the industry.
Currently the government is in consultation with various groups,
including representatives of the insurance industry, and with
lawyers who practice personal injury law. A chapter in the
provincial budget outlined an ambitious breadth of changes, many of
which are still in the very preliminary stages of being
considered.
