Auto insurance in Canada -
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Public car insurance is a government controlled and managed method of
car insurance run within the Canadian
provinces of Quebec, British Columbia,
Manitoba and Saskatchewan According to
studies by the Consumers' Association of
Canada, premiums charged up for car
insurance during these 4 provinces
happen to be inferior compared to
provinces that make use of an exclusive
vehicle insurance system.
A more recent study done because of the
Fraser Institute produced in 2011
concluded that the priciest motor
insurance rates in Canada were paid in
British Columbia, Quebec, Saskatchewan
and Manitoba, of which 3 are functioning
with public insurance coverage.
In Quebec public car insurance is
limited to coverage of self injuries
although damage to property is included
in private insurers. Saskatchewan has
the first public automobile insurance
system with Saskatchewan Government
Insurance being launched in 1945.
Manitoba Public Insurance got created in
1971 followed because of the Insurance
Corporation of British Columbia in 1973
therefore the Société de l'assurance
automobile du Québec in 1977.
Remaining provinces have contemplated
introducing a general public vehicle
insurance method. The Ontario New
Democratic Party won the 1990 provincial
election on a platform that incorporated
public vehicle insurance. As soon as
assuming office, Premier Bob Rae
appointed Peter Kormos, one of many most
vocal proponents of public insurance,
while the minister responsible for
carrying forward the policy.
Because of the onset of the economic
downturn, however, both business and
labour groups declared concern about
layoffs and misplaced revenues.The
government disapproved the plan in 1991.
Public car insurance has also been
considered in New Brunswick after
private insurance rates nearly went
twofold from 2003 to 2005, but was
ultimately terminated by the provincial
government.
It was also an issue in Nova Scotia
during its 2003 provincial election and
remained within the platform of this
official opposition, the Nova Scotia New
Democratic Party during the 2006
election campaign.
However, it failed to appear when you
look at the NDP platform when you look
at the 2009 campaign, and now that the
NDP has established a majority
government, it appears farfetched that
the party will keep its earlier vow to
launch a public insurance scheme.
Public automotive insurance was
additionally under consideration by the
Newfoundland and Labrador Progressive
Conservative government of Danny
Williams in 2004 as a "last resort" as
soon as private insurance companies
wanted to pull out of the province in
reaction to legislation rolling back
premiums.
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