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MPIC 1989/90 report shows rising claims costs and steady profits
Manitoba Public Insurance Corporation reports higher claims costs especially bodily injury totaling 305.1 million as bodily injury claims rise 7.8 percent to 16 300. Net income in Automobile Insurance Division reached 9.9 million while General Insurance Division earned 11.1 million. The report notes premium stability with investment income offsetting expenses and reiterates seat belt campaign success raising use from 65 to 73 percent.
MENTIONED IN THIS ARTICLE
Manitoba Public Insurance Corporation
Glen Cummings
MPIC
Automobile Insurance Division
Cummings
Autopac
General Insurance Division
SRE
General Accident Assurance Company of Canada