One Person’s Gain, is Another’s Loss: SGI submits proposal that will see decreases for some customers, increases for others
Toronto, Ontario — After sending out rebate cheques, SGI submitted a proposal to the Saskatchewan Rate Review Panel (SRRP) for a revenue-neutral rate rebalancing, which would result in increases for some customers and decreases for others. If approved, rates will be rebalanced so that each vehicle group pays a “sufficient” amount to cover the cost of […]
Report: Current ICBC model not sustainable; 24 percent of costs go to legal fees
By CRM Staff Victoria, British Columbia — July 26, 2017 — The rates currently charged by the Insurance Corporation of British Columbia (ICBC) for basic auto insurance are not sufficient to cover the cost of automotive and personal injury claims, according to a new report by Ernst & Young. “Over the past several years, the […]
