Insurance News - Monday, October 28, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Monday, October 28, 2013:

• FSCO's third quarter rate approvals are posted and they show a decline of 0.68% for the entire market.  However, CAA rates are dropping by 7.15%, as the insurer appears to be the first company to aggressively accept the government rate reduction strategy.
• Ontario auto insurers are moving closer to widespread deployment of usage-based insurance programs.
• Florida appeals court finally lifts temporary ban on part of auto insurance law clearing the way for enforcement on anti-fraud reforms.
• Meanwhile, a Florida crack down on insurance fraud has led to 1,571 arrests for the first half of this year.
• Self-driving cars projected to reduce injuries by 90 percent and save $450 billion annually in the U.S.  What impact will that have on premiums?
• Not only that, but data shows that self-driving cars are smoother, safer drivers than humans.