Wynne Government Promising To Reduce Auto Insurance Rates

Posted on Tuesday, December 5, 2017 14:02 PM

The provincial government says it's looking a different ways of bringing down auto insurance rates.

Finance minister Charles Sousa has introduced a number of measures including the creation of a Serious Fraud Office.

However, Conservative critic Vic Fedeli says the Wynne Government promised five years ago to reduce premiums and has failed.

"In 2013...they made a grandiose promise to cut rates15 percent by 2015.  But four years later, they aren't even half way there".

Sousa says fraud costs the system 1.6 billion dollars a year and prosecuting the "bad players" can help save the auto insurance industry money.