NDP: Liberals must choose between Ontario drivers and auto insurance industry
QUEEN’S PARK - Today in the
legislature, Bramalea-Gore-Malton MPP and Consumer Services Critic
Jagmeet Singh asked Finance Minister Charles Sousa when Ontario drivers
can expect to see some relief with their premiums.
“In 2010, this government made changes to Ontario’s auto insurance system that slashed Statutory Accident Benefit payouts by 50% across Ontario and 70% in the GTA,” explained Singh. “Last week in committee, the IBC admitted that these changes resulted in up to $2 billion in annual savings to the insurance industry. Yet, in the past 2 years, premiums paid by drivers went up 5%.”
Singh noted that on April 12, FSCO released its report on premiums for the first quarter of 2013 and once again, there is no reduction in premiums for Ontario’s 9 million drivers.
“In the upcoming budget, this government has a choice: it can either pass on a portion of the $2 billion in annual savings from the 2010 cutbacks to Ontario driver, or it can continue to allow big insurance to slash benefits and pocket the savings,” said Singh. “Which is it going to be?”
Source: http://www.jagmeetsingh.ca/post/62727871149/ndp-liberals-must-choose-between-ontario-drivers-and
http://www.fairassociation.ca/2014/08/liberals-must-choose-between-ontario-drivers-and-auto-insurance-industry/
“In 2010, this government made changes to Ontario’s auto insurance system that slashed Statutory Accident Benefit payouts by 50% across Ontario and 70% in the GTA,” explained Singh. “Last week in committee, the IBC admitted that these changes resulted in up to $2 billion in annual savings to the insurance industry. Yet, in the past 2 years, premiums paid by drivers went up 5%.”
Singh noted that on April 12, FSCO released its report on premiums for the first quarter of 2013 and once again, there is no reduction in premiums for Ontario’s 9 million drivers.
“In the upcoming budget, this government has a choice: it can either pass on a portion of the $2 billion in annual savings from the 2010 cutbacks to Ontario driver, or it can continue to allow big insurance to slash benefits and pocket the savings,” said Singh. “Which is it going to be?”
Source: http://www.jagmeetsingh.ca/post/62727871149/ndp-liberals-must-choose-between-ontario-drivers-and
http://www.fairassociation.ca/2014/08/liberals-must-choose-between-ontario-drivers-and-auto-insurance-industry/
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