Ontario to review auto insurance rates (and here’s who to moan to if you loathe yours) [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
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Source: Toronto Globe and Mail
Ontario to review auto insurance rates (and here’s who to moan to if you loathe yours) Briefing highlights Ontario reviewing rates The Ontario government has launched a review of auto insurance rates. And it wants to hear from you, a move certain to draw a flood of responses given the hot-button nature of the issue. Under the catchy catch phrase of “Putting Drivers First,” the Conservative government said its Ministry of Finance and Financial Services Regulatory Authority of Ontario will also review the rate regulation system. Story continues below advertisement This review will look at how other jurisdictions handle the issues and, at the same time, “identify opportunities to achieve greater efficiencies and introduce more competition in the system,” the ministry said. There are almost 1 million drivers in the province whose rates are regulated. “Auto insurance rates in Ontario are among the highest in the country, and action is needed,” Finance Minister Vic Fedeli said this w
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