As you all know insurance rates were raised recently in the GTA and some areas got hit with as much as 50% increase in their premiums. I got the following email from my insurance broker regarding this:
I hope this e-mail finds you well.
As of this morning, 3786 MPP letters and 3707 postcards have been sent out.
I know many of you have been waiting to hear news on the Bill 198 review process. The Minister had said publicly that the decision was to be announced in mid July, but we now are hearing that the government has decided the changes will not be announced until mid–late August. The delay is now public information; please see the attached article from Tuesday’s Toronto Sun for your reference.
Insurance rule changes stalled again | Toronto & GTA | News | Toronto Sun
We have been advised, and the story supports that the reason for the delay is due to the complexity of the issue and Government’s desire to ensure that “they get it right”. While any delay is troublesome given the problems facing the industry we are not taking the delay as a negative in terms of the reforms being brought forward, and remain hopeful that our efforts of late will be reflected in the final reform package.
Please continue to spread the word about this issue, as well as directing employees, colleagues, family and friends to www.insuranceicanafford.ca. Every letter and postcard sent out greatly helps our campaign.
As well, please see attached this week’s Inside Queen’s Park for your reading pleasure.
Thanks again for your continuing support.
Government Relations Ontario
416-362-2031 x 4341
Please contact your MP and help spread the word
! we can make a difference!