INCREASED CAR ACCIDENTS LEAD TO GROWING AUTO PERSONAL LOSS RATIO

On behalf of Romeo Pitaro Schneider Injury Lawyers posted in car accidents on Tuesday, September 12, 2017. Every day, insurance companies pay millions to Canadians for injuries and property damages. Every Ontario driver is required by law to have car insurance, so many of these settlements involve car insurance policies. With an increase in car accidents and rising repair costs, Canadian auto insurers are seeing an increase in auto personal loss ratio for the fourth year in a row. A loss ratio is the ratio of claims paid by an insurer to the premiums earned. The recently released figures show…