Apr 10, 2015
By Michael Kramer
A new study says the average family in Ontario should’ve paid between $100 and $120-dollars less for auto insurance two years ago.
The study by two York University professors was commissioned by the Ontario Trial Lawyers Association.
The group is calling for Ontario’s auditor general – to investigate insurance in the province.
The Insurance Bureau of Canada denies that drivers were overcharged $3 billion dollars over a decade by insurance companies – while accident benefits were slashed.
The bureau points out that premiums are regulated by the government.
It’s been almost two years since New Democrats forced the premier to promise to bring rates down by 15 percent- in return for support for the then-minority government’s budget.