Auto insurers raking in cash while cutting benefits, study finds

Insurers have slashed coverage for Ontario drivers just as they’re racking up sky-high profits, says a critical report for a lawyers’ group pushing for an industry audit by the province’s spending watchdog.

“The insurance industry is clearly very healthy, and the most troubling part is continued cuts to the product,” said association head Maia Bent, a partner at Lerners law firm in London.

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