Promise to cut car insurance rates by 15 per cent a 'stretch': Wynne

TORONTO -- Premier Kathleen Wynne says her government's target to cut auto insurance rates by 15 per cent by last year was a "stretch goal.

See Full Article

"

The Liberals promised to reduce car insurance premiums an average of 15 per cent by August 2015 as part of a deal to get NDP support for the 2013 budget when they were still a minority government.

But August came and went with the government's target not even halfway met.

The latest numbers from the Financial Services Commission of Ontario, for the fourth quarter of 2015, show that approved rates decreased on average by 0.15 per cent, putting the decrease at an average of roughly seven per cent from 2013.

"We always knew it was a stretch goal," Wynne said Monday.

"We always knew it was going to be a challenge and the good news is that insurance rates continue to come down."

NDP critic Jagmeet Singh said the target has never before been held out as anything other than achievable.

"This is the first time in over 2 1/2 years we've ever heard the term stretch goal," he said.

"It's something that the government clearly stated was possible and made the promise knowingly when we asked for the commitment in 2013."

Progressive Conservative critic Tim Hudak said the "stretch goal" is a brand new category of politician promises.

"It was to buy the NDP support to extend the government for another year," he said. "At least there would be some honesty in that answer."

The government has since introduced legislation that it says will lower costs for insurance companies and will lead to reduced rates for drivers.

Wynne said there are "many" companies whose rates have come down by 15 per cent since 2013, but quarterly figures appear to show it is no more than a handful, at most.

The government will keep 15 per cent as a target, Wynne said, though she would not put a new date on that pledge.



Advertisements

Latest Canada & World News

  • Chemical weapons inspectors in Syria reach Douma, get samples

    World News CBC News
    A team of inspectors from the Organization for the Prohibition of Chemical Weapons (OPCW) visited a site in Douma, Syria, on Saturday to collect samples as it tries to determine whether chemical weapons were used there on April 7, the agency said. Source
  • Young man dead following suspected street racing crash in southern Ontario

    Canada News CTV News
    A 26-year-old man has died following a suspected street racing accident in southern Ontario. The single-vehicle crash happened early Saturday morning on the Queen Elizabeth Way near Guelph Line in Burlington, one hour south of Toronto. Source
  • Chemical weapons inspectors collect samples from Syria site

    World News CTV News
    BEIRUT -- Chemical weapons inspectors collected samples from Syria's Douma on Saturday, two weeks after a suspected gas attack there followed by retaliatory strikes by Western powers on the Syrian government's chemical facilities. The site visit, confirmed by the Organization of the Prohibition of Chemical Weapons, would allow the agency to proceed with an independent investigation to determine what chemicals, if any, were used in the April 7 attack that medical workers said killed more than 40…
  • BP granted approval to start drilling off Nova Scotia's coast

    Canada News CBC News
    BP Canada has been given the green light to start drilling off Nova Scotia's coast. On Saturday, the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) granted approval for the company to begin drilling one deepwater exploration well about 300 kilometres offshore. Source
  • 'Forever grateful': Meet the hero dog whose quick action saved his owner's life

    Canada News CTV News
    An Ottawa woman is crediting her dog with helping to save her life. “We knew he was smart right from the beginning but didn’t know he was intuitive,” Jane Lavergne told CTV Ottawa. Lavergne lives with a lung disease and uses an oxygen tank to help her breathe. Source
  • 'You can't say enough about Mark Cross as a person': Funeral Saturday for assistant Broncos coach

    Canada News CBC News
    Mark Cross was a ferocious competitor when he played hockey, but the assistant coach for the Humboldt Broncos had a calming presence on his players, teammates and friends. "Mark was an incredibly hard worker. He was extremely bright. Source
  • Shawn Mendes, Sting, Shaggy to perform at Queen's birthday

    World News CBC News
    Queen Elizabeth is marking her 92nd birthday with a Saturday night concert in London featuring British singers such as Sting, Tom Jones and Jamie Cullum. Kylie Minogue, Shaggy, Craig David and Canadian Shawn Mendes also are set to perform for the Queen's Birthday Party at Royal Albert Hall. Source
  • 2 evacuation orders near Oliver, B.C., force people from more than 180 properties

    Canada News CBC News
    Flooding has forced the Regional District of Okanagan-Similkameen to order the evacuation of 33 properties Saturday, north of Oliver in the second evacuation order in 24 hours. This affects properties in the Sportsmens Bowl area. Friday about 150 properties were evacuated along Osoyoos Lake because of the potential of a landslide on Inkaneep Creek. Source
  • 2 evacuation orders because of flooding in B.C. force people from their homes

    Canada News CBC News
    Flooding has forced the Regional District of Okanagan-Similkameen to order the evacuation of 33 properties Saturday, north of Oliver in the second evacuation order in 24 hours. This affects properties in the Sportsmens Bowl area. Friday about 150 properties were evacuated along Osoyoos Lake because of the potential of a landslide on Inkaneep Creek. Source
  • Good Samaritan injured while trying to stop mall theft dies

    Canada News CTV News
    An Edmonton man who was critically injured while trying to stop an alleged theft has died, according to family and friends. Witnesses to the alleged theft told CTV Edmonton on Tuesday that a young male was trying to steal a cash register from an unattended kiosk at an Edmonton mall when a man--later identified as 61-year-old Iain Armstrong--confronted the alleged perpetrator. Source