Ontario Liberals fall short on auto insurance promise

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,778
454
83
This is what real criticism of the Ontario government's policy looks like.


Ontario Liberals fall short on auto insurance promise

The Liberal government has failed to live up to its promise to reduce auto insurance premiums by 15 per cent.

Finance Minister Charles Sousa had pledged that by next month Ontario’s 9.4 million drivers would be enjoying this premium break, but the Financial Services Commission of Ontario reported Wednesday the reduction so far is only 6.56 per cent — down from April when it was 7 per cent.

The promised cut — averaging $225 a year — was included in the minority Liberal government’s 2013 budget in order to the get the New Democrats to let it pass. That August, Sousa said it would take two years to fulfil.

“This is absolute proof they didn’t have a plan when they made this deal and that they still don’t have a plan,” Progressive Conservative MPP Vic Fedeli said.

“This is just a long list of promises they have no intentions of keeping,” Fedeli told the Star.

Despite the fact the government didn’t even reach half of its reduction target, Sousa’s office insisted the government’s plan is working.

“Our plan to tackle auto insurance fraud and reduce costs is working. But we want to go even further,” said a statement issued by Sousa’s office.

In the same email statement, Sousa dismissed that latest report from Financial Services Commission of Ontario as just a snapshot in time and offered no reason for the failing to hit the target.

“Today’s second quarter rates are a snapshot in time. Our reforms have sent rates lower on average over the last two years and there’s more to do to reduce rates by 15 per cent on average,” he said.

...more...

http://m.thestar.com/#/article/news...als-fall-short-on-auto-insurance-promise.html
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
14,606
2,359
113
Toronto, ON
So they fix the fraud which saves the insurance company money. How does that translate to a premium reduction again? Perhaps they should actually regulate the premiums. Otherwise their promises are just Lieberal promises (promises that have no intention to be kept).
 

petros

The Central Scrutinizer
Nov 21, 2008
109,239
11,367
113
Low Earth Orbit
Government can't reverse bad driving habits or rising repair costs. Voters bought that lie hook, line and sphincter.....