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Manitoba Public Insurance customers can expect a rebate cheque in mid-February 2022. This rebate of $312 million will result in about $328 rebated to an average private passenger policy. It's estimated about 578,000 cheques will be issued.
On December 15, 2021, the Public Utilities Board (PUB) issued its decision on Manitoba Public Insurance (MPI)'s 2022/23 General Rate Application, which approves a 1.57 per cent rate decrease for policyholders as well as a rebate of approximately $312 million.
As the hearing of its General Rate Application before the Public Utilities Board opened recently, Manitoba Public Insurance presented updates to its provisional filing made earlier this year based on continued strong financial performance. This included requesting a rate decrease for a third year in a row and updating its separate application for a third customer rebate in a little more than a year.
Manitoba Public Insurance is steering the province's drivers toward a $335-million rebate, but a consumer advocacy group says drivers are still being shortchanged.
British Columbia As of May 1, British Columbia’s publicly owned auto insurance provider, ICBC, moved drivers to a no-fault system in an effort to reduce car insurance rates by roughly 20 per cent. Under a no-fault system, a driver receives accident benefits from their own insurance company for any claim, regardless of who is at fault for the collision. Insurance companies then assign a percentage of fault to each driver. Ontario, Nova Scotia, New Brunswick, Quebec, and Prince Edward Island all operate under this system. Prior to this change, B.C. drivers would have to go after the at-faul...