Insurance
Call On Insurance Corporation of British Columbia To Halt Plan To Increase Rates
Press Release
FOR IMMEDIATE RELEASE
July 6, 2003
Consumers' Association Calls On Insurance Corporation of British Columbia To Halt Plan To Increase Rates
OTTAWA, July 6 /CNW/ - The Consumers' Association of Canada called on the Insurance Corporation of British Columbia to halt its plan to implement a discriminatory auto insurance rating system consumers in other provinces are rejecting. "The rating system the Insurance Corporation of BC is planning on introducing next year is the same one that has harmed consumers in other provinces," said Mr. Mel Fruitman, President of the Association.
Consumers Will Get Less Auto Insurance Coverage and Pay More Under Nova Scotia’s New Plan
Press Release
FOR IMMEDIATE RELEASE
June 26, 2003
Consumers Will Get Less Auto Insurance Coverage and Pay More Under Nova Scotia's New Plan
OTTAWA, June 26 /CNW/ - "No matter how they try to position it, the Nova Scotia Government's announced program of fixing the problem of high auto insurance rates rides on the backs of consumers by capping benefits to victims of accidents," says Mel Fruitman, President of the Consumers' Association of Canada.
“No Frills” Auto Insurance In New Brunswick Fails To Deliver
Press Release
FOR IMMEDIATE RELEASE
June 17, 2003
OTTAWA, June 17 /CNW/ - "New Brunswick's "No Frills" auto insurance fails to deliver what consumers' need", said Mr. Mel Fruitman, President of the Consumers' Association of Canada. "No Frills should be renamed the "Blame the Victim and protect the private auto insurance industry" plan.
Read More2001 Comparison of Automobile Insurance Rates in Five Canadian Cities
Since 1998 there has been increasing public discussion about the merits of moving from ICBC’s current monopoly over British Columbia’s basic auto insurance market towards more open competition. This interest in open competition is driven by the assumption that the vast majority of consumers would pay much lower auto insurance rates if BC’s existing public auto insurance system was fundamentally changed. It was this assumption that led the CAC(BC) in 1999 and again in 2001 to conduct a rate survey comparing insurance rates in five urban cities across Canada.
click here for full report
Read More