Insurance Bureau of Canada: Ontario’s Speech from the Throne and Re-introduction of the 2022 Budget

August 9, 2022 (TORONTO) – Today, the Ontario government re-introduced the 2022 budget, reaffirming the government's commitment to reform the province's auto insurance system.

Following today's Speech from the Throne and introduction of the budget, Kim Donaldson, Vice-President, Ontario, IBC, issued the following statement:

"We commend the Ontario government for its commitment to make driving more affordable for Ontarians. IBC and its members believe Ontarians deserve affordable auto insurance with more choice and better care. The measures re-committed to today in the budget will help bring about change for a better and more affordable auto insurance system.

"The re-introduction of the 2022 Ontario budget demonstrates that the government is willing to make significant changes to the auto insurance system to give consumers more choice, make products more affordable and create fairness for all drivers. IBC and its members are also pleased that the government has re-committed to introducing new measures to tackle fraud. We look forward to working with government as it implements these important reforms to the auto insurance system."

​About Insurance Bureau of Canada

Insurance Bureau of Canada is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up the vast majority of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

For media releases and more information, visit IBC's Media Centre at Follow us on Twitter @InsuranceBureau and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC.