AXA Canada and ING Canada named in class action. IBC to look at insurance company practices.
Insurance companies in Canada are starting to feel the impact of the U.S. aftermarket parts class action trial that ended October 8th in Illinois with a $1.18 billion award against State Farm.
Some recent Canadian events:
- A class action style lawsuit has been filed in Quebec against Groupe Desjardins, ING Canada (the second largest auto insurer in Canada) and AXA Canada (seventh largest) relating to their use of non-OE parts.
- The Insurance Bureau of Canada (IBC) has asked its Ontario claims committee to look