April 21st, 2015

Liberals continue to put insurance industry profits ahead of Ontario drivers: NDP Deputy Leader

QUEEN’S PARK— Jagmeet Singh, NDP Deputy Leader and Consumer Services critic, demanded the Liberal government stop dragging its feet and deliver the auto insurance reductions the party promised Ontarians in the last election. 

“The Liberal government has the ability to reduce premiums. However, time and time again what they’re doing instead is giving more and more profits to insurance companies. They’re breaking their promise to the people of Ontario,” said Singh, MPP for Bramalea-Gore-Malton. “The Liberal government had said very clearly they promised to reduce auto insurance by 15%. Instead they haven’t even delivered half of that. This is again another broken promise. Enough is enough.”

Just last week, a study by two York University professors confirmed New Democrats claims that auto insurance companies are making record profits while Ontario families are paying the highest auto insurance premiums in the country. 

Singh said it was absolutely unacceptable that, in 2013 alone, Ontarians were overcharged for auto insurance by an estimated $840 million. 

“How is it possible this government has been allowing insurance companies—individual ones—to increase their rates instead of bring them down? Two years ago this government made a promise and they’ve broken that promise. When will we see real action on this file?” asked Singh.