Tuesday, February 5th Commentary
Ontario NDP leader Andrea Horwath says she gets that auto insurance companies are in the business of profits and return on investment for shareholders, but she says this is a regulated industry and its time the regulators reigned in the auto insurance firms.
Horwath is saying that if Premier-designate Kathleen Wynne wants NDP support she must order the Financial Services Commission to roll back our auto insurance premiums by 15 percent.
Horwath was on NewsTalk 1010's Friendly Fire last evening saying Ontario has the lowest accident rate in the country and the highest insurance rates, something is wrong
The Insurance Bureau of Canada accuses Horwath of political grandstanding.
There are so many questions about the auto insurance industry. For example, why should motorists be clumped into groups. Why should I be forced to pay higher insurance after moving less than a mile into a part of the city where there are more crashes. That doesn't make me a worse driver so why do I get penalized? Why do all new motorists get dinged so high regardless of whether they have shown no propensity to drive fast or reckless, just because that group collectively does so?
The point is, and I'm sure many of you agree, your insurance company should judge you based on you and your driving record not based on mob mentality and statistical averages. It seems to me there has to be a way to come up with a baseline cost of insurance and individual motorists would pay more or less than the baseline based on their driving record. So until that gets fixed, when the Andrea Horwath's of this world scream about rate cuts, they have my attention.
There have now been two independent audits of the election expenses of two Toronto politicians - Mayor Rob Ford and Councillor Giorgio Mammoliti.
Both were done by the same firm, Froese Forensics Group, a well established Toronto based company that does work around the world.
In both cases, the audits show Ford and Mammoliti's campaigns went over the legally allowable limit, Ford's by 3 percent, Mammoliti by 40 percent.
The city of Toronto's special committee of outside experts decided yesterday the Mammoliti case should go to a special prosecutor.
That committee will decide later this month about the Ford case.
On the surface it looks like things are amiss in both instances, maybe someone cheated to win their seat, but let's not jump to that conclusion or any conclusions yet.
The audits, in my view, are simply matters of opinion which, if needed should be argued in court to determine if any laws were broken. It serves no purpose, other than partisan political drivel, to claim the skullduggery, when we simply don't know that yet.