Insurance Insights: MPI seeking consumer and industry feedback on current insurance models
Winnipeg, Manitoba — Manitoba Public Insurance (MPI) is currently seeking public and industry feedback on insurance rate changes that would reward safer driving and make riskier driving more costly. Specifically, the public insurer is seeking feedback on changes to the basic insurance model in the province after the Public Utilities Board directed MPI to look […]
Premium Pile Ups: Auto industry prices increase in passenger vehicle premiums, critical maintenance and more, says Desrosiers report
Toronto, Ontario — Desrosiers Automotive Consultants has released an automotive consumer price index percent changes report comparing April 2024 to April 2023 data. This data specifically shows that passenger vehicle insurance premiums have increased by 6.8 percent. Data from the report also shows that following increases to passenger vehicle insurance premiums, gasoline price increases were […]
Premier Pumps Brakes: Alberta Premier says ‘no appetite’ for government-run auto insurance system despite potential consumer savings
Edmonton, Alberta — Alberta Premier Danielle Smith recently announced that the province will not be considering government-run public auto insurance despite a recent report suggesting hundreds in savings for drivers. The report by Oliver Wyman and Nous Group was originally commissioned by the Alberta Treasury and Finance Board. In the report, “Olive Wyman’s calculations (predicted) […]
Hijacking Insurance Rates: MyChoice study shows auto theft spikes significantly affect insurance premiums across Ontario
Toronto, Ontario — In a recently released report, MyChoice has revealed a possible correlation between carjacking rates across Ontario and record-high insurance premiums. The company specifically looked at the carjacking rates across Ontario cities with a population size of over 100,000, and then compared this data to the monthly insurance premiums across these same cities. […]
