For decades, the Ontario auto insurance system has been built on a foundation of mandatory protection. If you were injured in a motor vehicle accident, a standard suite of Statutory Accident Benefits (SABS) was there to catch you. However, as of July 1, 2026, the provincial government is introducing a seismic shift in how insurance is sold. Under the new “Optionality” model, many benefits that were once guaranteed will now be optional. At Diamond and Diamond, we have seen thousands of lives devastated by car accidents, and we recognize this change for what it truly is: a potential trap for ...
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Toronto has recently experienced a period of heavy rainfall, leading to a significant upswing in personal injury claims. The intense downpours created hazardous conditions across the city, from slick roadways to the risk of falling debris, causing unexpected dangers for residents. This surge in weather-related incidents has affected individuals and placed considerable pressure on Ontario’s insurance infrastructure. The insurance sector is now grappling with a substantial increase in claims, prompting regulatory bodies to consider more efficient claims processing measures. Recent assessments indicate that the insured losses from Toronto’s July 2024 flash floods are estimated at approximately CAD 991 million, slightly ...
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Insurance surveillance is when the insurance firm hires somebody to follow their client while also videotaping their activities. The purpose of this is to know whether you’re telling the truth in your insurance claims. So, if you recently filed a disability claim, there’s a very high chance that private investigators placed you under close scrutiny. This can happen at any time. When you feel like someone new is lurking in your neighbourhood, or if you feel like someone has been looking over your history, chances are, you’re being surveilled. If you find yourself in this situation, don’t worry. Panicking will ...
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Car accident insurance is mandatory in Canada if you drive or own a vehicle. The insurance types and minimum coverage will depend on your province or territory. The Financial Services Commission of Ontario, for example, requires a vehicle owner to have $200,000 in Third Party Liability as well as the following coverage: Statutory Accident Benefits Direct Compensation – Property Damage Uninsured Automobile Most people find the car accident insurance requirements burdensome, and it isn’t cheap. Ontario residents can expect to pay a minimum of $1,103 a year in premiums, more if they are in the high-risk category. However, you will ...
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Insurance legislation introduced in 2010 has now, two years later, come under scrutiny, as expected. The most recent arbitration is about the minor injury guideline or, as we call it in the industry, the MIG. This guideline was introduced to limit medical rehabilitation coverage to $3,500. If you are found to not be in the MIG, your coverage jumps to $50,000. Clearly there is an incentive to keep people within the MIG as it limits the exposure of the insurance company. The most recent decision stated that, among other injuries, chronic pain, temporomandibular joint pain (TMJ) and post-traumatic stress disorder ...
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