Insurance News - Tuesday, April 30, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, April 30, 2013:

• Self-driving cars are going to save lives by removing human error which makes up about 99% of auto fatalities.
• Matheson v. Lewis decision could have an impact on cases where insurers try to deny coverage to occupants of uninsured vehicles.  In this case although the ATV in question  was a “self-propelled implement of husbandry” under the CAIA,which would not have been required to be insured under an automobile policy, the judge still ruled in favour of the plaintiff,
• An interesting human interests story.  An affluent insurance broker by day and blogger by night offers Toronto’s homeless something more meaningful than spare change.
• According to the Toronto Star, Ontario Finance Minister Charles Sousa will announce this morning the government's plan to lower auto insurance premiums by 15% but also to lower the ROE benchmark for insurers when filing for rate changes. So part of the rate reduction is to be in the form of lower profits.
• Another polls also has Ontario Liberals and Progressive Conservatives in a close race. With the NDP falling behind it only reinforces my view that Andrea Horwath will not be forcing an election this spring.