Ontario government will mandate 15% reduction in auto premiums within 2 years Insurance industry wants to see more cost saving measures

IBAO CEO Randy Carroll in a press release on Friday. “There is an inherent risk that the result of today’s announcement could result in future availability and affordability concerns for consumers in this province. Regardless of the type of business that you are running, you cannot reduce revenue without implementing cost reduction measures and expect to succeed, it just doesn’t work.”

http://www.citopbroker.com/news/ontario-government-will-mandate-15-reduction-in-auto-premiums-5622