NDP: Liberals must choose between Ontario drivers and auto insurance industry

Today in the legislature, Bramalea-Gore-Malton MPP and Consumer Services Critic Jagmeet Singh asked Finance Minister Charles Sousa when Ontario drivers can expect to see some relief with their premiums.

“In 2010, this government made changes to the auto insurance system in Ontario that slashed benefits in Ontario paid out to drivers by 50% and to drivers in the GTA by 70%,” explained Singh. “Last week in committee hearings the IBC themselves admitted that these changes resulted in $2 billion in annual savings for the insurance industry. Yet in the past two years, drivers have seen their own premiums go up by 5%.”

Singh noted that on April 12, FSCO released its report on premiums for the first quarter of 2013 and once again, there is no reduction in premiums for Ontario’s 9 million drivers.

“In the upcoming budget this government has a choice. They can either choose to again support the multibillion-dollar insurance industry or they can pass on the billions of dollars in savings to drivers in Ontario,” said Singh. “Which will it be?”

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