Toronto, ON (Jan. 9, 2019) – The Ontario government has announced the Putting Drivers First consultation, asking consumers and businesses for ideas on how insurance rates could be lowered. Consumers can share their views here. Comments can be submitted until February 15, 2019.
Ontario’s auto insurers support the Government of Ontario’s effort to hear consumers’ stories and we encourage the province’s drivers to take this opportunity to have their say.
“We hope that this process encourages constructive feedback to support positive changes to auto insurance for Ontarians,” said Kim Donaldson, Vice-President, Ontario, IBC. “We have been calling for changes to how auto insurance is regulated for years. The province’s auto insurance system is outdated and Ontario drivers pay too much for their insurance. We believe there is a better approach.”
Donaldson added, “We’re encouraged that consumers are being asked to share their views, and we look forward to working with the government to fix auto insurance in this province.”
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 126,000 Canadians, pays $9 billion in taxes and has a total premium base of $54.7 billion.
For media releases and more information, visit IBC’s Media Centre at www.ibc.ca.
SOURCE: Insurance Bureau of Canada (IBC)Tags: auto insurance, Insurance Bureau of Canada (IBC), Ontario