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PUB Seeking Authority to Review MPI’s Rate-Setting Policy

January 10, 2011 8:45 AM | News

The Public Utilities Board (PUB) is taking Manitoba Public Insurance to court to force the insurer to disclose information relating to its other lines of business.

The PUB has issue with MPI’s rates for services, and feels Manitobans should know if the rates set are fair and reasonable. The Board is looking to see if it has jurisdiction to review the set rates.

A Consumers Coalition has been formed to represent all Manitobans, made up of Consumers Association of Canada Manitoba branch (CAC), the Manitoba Society of Seniors (MSOS) and the Canadian Automobile Association (CAA).

According to Gloria Desorcy, CAC Executive Director, MPI’s willingness to share financial information has been on a decline the last several years.

“When there is so much overlap and resource sharing between competitive and non-competitive lines of business, it’s difficult to set just and reasonable basic insurance rates without having a full financial picture to do so,” said Desorcy.

The coalition will present its argument in court today or Tuesday.