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

  • Alberta man pays off $85,000 in debt by living in camping trailer for 4 years

    Canada News CTV News
    A Calgary man has paid off more than $85,000 of debt by spending nearly four years living in a six-metre-long camping trailer parked on city streets. Geoffrey Westlock says he was working in a warehouse in late 2013 when his boss frightened him by suggesting the business might shut down. Source
  • B.C. to legislate pollution reduction targets, appoints climate advisory council

    Canada News CTV News
    VICTORIA -- British Columbia has appointed a team of environmental and industry advisers to help the New Democrat government set and meet legislated pollution reduction targets. Environment Minister George Heyman says he plans to introduce climate legislation next spring that aims to cut greenhouse gas emissions by 40 per cent below 2007 levels over the next 13 years. Source
  • U.S. general lays out Niger attack details; questions remain

    World News CTV News
    WASHINGTON -- The U.S. special forces unit ambushed by Islamic militants in Niger didn't call for help until an hour into their first contact with the enemy, the top U.S. general said Monday, as he tried to clear up some of the murky details of the assault that killed four American troops and has triggered a nasty political brawl. Source
  • Police seek help to identify dead boy found on Texas beach

    World News Toronto Sun
    GALVESTON, Texas — Police are asking the public to help identify a young boy whose body was found on a beach in Southeast Texas. Galveston police say the boy, aged 3 to 5 years, was found Friday evening and that no one has reported a child missing. Source
  • 'She has fun taunting me'; O.J. reportedly confessed to friend ex-wife Nicole haunts him from the afterlife

    World News Toronto Sun
    Disgraced O.J. Simpson was acquitted of the 1994 murders of his ex-wife Nicole Brown Simpson and her friend Ronald Goldman but he’s been haunted and terrorized by her ghost ever since! Former pal Vernon Nelson told RadarOnline.com that Simpson shockingly confessed to him, “Nicole haunts me from the afterlife. Source
  • American-born Putin critic Bill Browder unable to enter U.S.

    World News CTV News
    WASHINGTON -- American lawmakers are demanding answers from their national government after a foe of Vladimir Putin, born in the United States, was allegedly denied entry into his native United States, in a case with cross-border repercussions. Source
  • Michigan teens charged with murder in highway rock incident

    World News CTV News
    FLINT, Mich. -- Five teenagers accused of throwing rocks from a Michigan highway overpass were charged with second-degree murder Monday in the death of a man killed when one of them smashed the windshield of a van in which he was riding. Source
  • Tampa neighbourhood fears serial killer after 3 killings

    World News CTV News
    TAMPA, Fla. -- Police escorted children to school Monday and a city bus changed up its usual route as a neighbourhood near downtown Tampa feared a serial killer may be on the loose. In the last two weeks, three people have been shot to death within a 1-mile (1.6-kilometre) radius in the normally quiet Seminole Heights neighbourhood. Source
  • Two moose shot, abandoned with parts missing in northwestern Ontario

    Canada News CTV News
    SIOUX LOOKOUT, Ont. -- The Ministry of Natural Resources and Forestry is investigating after two male moose were killed in northwestern Ontario over the last month, their noses and tongues removed but the rest of their carcasses left to rot. Source
  • Ohio woman indicted in boy's fatal drug overdose at sleepover

    World News CTV News
    COLUMBUS, Ohio -- A woman has been indicted on involuntary manslaughter and child-endangering charges in the death of a 12-year-old boy who authorities say died from a fentanyl overdose during a sleepover at her Ohio apartment. Source