WE NEED TO PUT PEOPLE BEFORE PROFITS: SINGH
MPP Jagmeet Singh holds first ever town hall on Auto Insurance
Bramalea-Gore-Malton- April 17th,2012:
MPP Jagmeet Singh held the first ever town hall on Auto Insurance for Bramalea-Gore-Malton. The room was at capacity with community members raising their voices to express their frustration towards high insurance rates.
“Insurance companies attribute high rates to fraud, however the impact of fraud only accounts for 10%-15% of insurance claims. Current laws work in favour of insurance companies, such as the guarantee of a 12% return on equity,” explained Jagmeet Singh
“Let’s change the system. Let’s work to implement laws that are in favour of Ontarians, not for the profit margins of insurance companies, laws that put people first,” stated Singh.
Community members provided their own stories on their struggles with high insurances rates and its impact on their families.
“My wife and I are paying six thousand dollars a year for auto insurance, with no accidents, no tickets and with a 10 year clean driving record. It’s unfair, and unacceptable, ” said Brampton resident Dave Wakely.
“I just recently moved from Caledon to Brampton, and the lowest quote I received was 480 dollars a month. This is outrageous, my auto insurance when I lived in Caledon, which is 5 minutes away from my new house, was 200 dollars a month. We need to fix this problem, and we need to fix it now,” exclaimed new Brampton resident Gurleen Kaur.
Jagmeet Singh is putting forward Bill-45, which is aimed at addressing high auto insurance rates. Specifically it looks at the current practice of basing insurance rates on geographic location.
“Bill 45 is a step towards remedying these issues. It will stop the discriminatory practice of using someone’s geographical location to charge higher rates. The Ontario NDP will not stop until we have an auto insurance system that is fair for all Ontarians,” asserted Jagmeet Singh







