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Manitoba MPI to refund $320 million to drivers in 2009 10 year
Manitoba Public Insurance ordered by the Public Utilities Board to rebate about 45 percent of basic vehicle premiums from the 2009 10 insurance year totaling roughly 320 million dollars. The rebate reflects excess reserves set aside for future claims and aims to balance overcharges with customer refunds amid debate over public vs private insurer dynamics.
MENTIONED IN THIS ARTICLE
Manitoba Public Insurance
Public Utilities Board
PUB
MPI
PC Party of
Manitoba
NUF
Hugh McFadyen
Andrew Swan
New York
London
Swan