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."