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

  • Trump focuses on first responders after Florida shooting

    World News CTV News
    POMPANO BEACH, Fla. -- U.S. President Donald Trump has made a grim trip to a Florida community reeling from a deadly school shooting, meeting privately with victims and cheering the heroics of first responders. But he extended few public words of consolation to those in deep mourning, nor did Trump address the debate over gun violence that has raged since a 19-year-old gunman killed 17 and injured 14 others. Source
  • 'The pilot called mayday': Tailpipe flames force plane to return to Saskatoon airport

    Canada News CBC News
    A fire on an Air Canada Express plane forced an emergency landing at the Saskatoon airport on Saturday. Teri Udle of Jazz Aviation said in a statement that shortly after takeoff from Saskatoon at about 11:20 a.m. Source
  • Israel slams Polish PM for WWII 'Jewish perpetrators' remark

    World News CTV News
    JERUSALEM -- Israeli politicians accused Poland's prime minister of anti-Semitism Saturday for equating the Polish perpetrators in the Holocaust to its supposed "Jewish perpetrators," setting off a new chapter in an angry dispute over Poland's new bill criminalizing the mention of Polish complicity in the Nazi-led genocide. Source
  • Joe Biden, in public and private, tiptoes toward a 2020 run

    World News CTV News
    WASHINGTON -- Former U.S. Vice-President Joe Biden is tiptoeing toward a potential run in 2020, even broaching the possibility during a recent gathering of longtime foreign policy aides. Huddled in his newly opened office steps from the U.S. Source
  • Angry students protest gun control after Florida school shooting

    World News CTV News
    PARKLAND, Fla. -- Thousands of angry students, parents and residents demanded stricter gun control laws Saturday as new details were revealed about the suspect accused of shooting and killed 17 people in a Florida high school. Source
  • Vancouver artist's cartoon of Florida school shooting resonates

    Canada News CTV News
    VANCOUVER -- A Vancouver illustrator says she's overwhelmed by the social media response to her cartoon depicting the victim of the recent school shooting in Florida. Pia Guerra's "Hero's Welcome" shows a young girl leading football coach Aaron Feis by the hand to meet a crowd of other people killed in school shootings. Source
  • UKIP leader sacked over fallout from girlfriend's racist Markle texts

    World News CTV News
    LONDON -- The troubled U.K. Independence Party ousted its leader Saturday after a scandal over racist text messages sent by his girlfriend, leaving the future of the right-wing party that played a key role in Brexit once more uncertain. Source
  • Adding Indigenous name to controversial PEI site an 'insult': Mi'kmaq leader

    Canada News CTV News
    CHARLOTTETOWN -- A member of the Mi'kmaq Nation traditional government says adding an Indigenous name to a Prince Edward Island historic site that bears the name of a controversial British general is a "grave insult" to his people. Source
  • Manitoba mother speaks out after she was sent video of daughter’s beating

    Canada News CTV News
    Police are investigating an assault on a 10-year-old girl on a Manitoba First Nation after video of the attack was sent to her mother. Amber Hardisty said the video, sent by a friend of her daughter Nevaeh, showed the child being punched, pushed and kicked. Source
  • Public health officials warn of possible measles exposure on Air Canada flight

    Canada News CBC News
    Public health officials west of Toronto say they've confirmed a case of the measles in a baby who returned home on a flight from Switzerland. Peel Public Health says the infant from Brampton, Ont., was on a Feb. Source