Manitoba Public Insurance filed its provisional 2022/23 General Rate Application with the Public Utilities Board (PUB) today and has asked for an average rate decrease of 2.8 per cent.
The provincial insurer say that they also intend to apply to the PUB later this year to request a rate rebate of $155 million. This would be the third rebate in just over a year. If approved the rebate would equal about 15 per cent. The average policy holder would received a check between $150 and $200 early in 2022.
Crown Services Minister Jeff Wharton said “Manitobans have been financially impacted by the pandemic. We are pleased that this rebate will be welcome news for our community as we all work together in getting through this challenging time in our province.”
“I am pleased that our team continues to focus on putting the interest of Manitobans at the forefront and we are able to deliver on our promise of maintaining stable and predictable rates which remain among the most affordable in Canada while providing exceptional coverage and service to Manitobans,” explained Eric Herbelin, President & CEO, Manitoba Public Insurance.
The PUB is expected to hear the application in October of this year and issue orders in December.
The new rates, if approved, will be effective in April 2022.
© News4.ca 2021