MPI seeks 2.38% rate increase
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WINNIPEG — Manitoba Public Insurance has asked the Public Utilities Board for a 2.38 per cent increase to auto insurance rates next year to contend with forecasted claims costs, operating costs and investment income.
MPI filed the application with the PUB Wednesday.
In a news release, the Crown corporation said recent extreme weather in Manitoba did not influence the request for the 2027-28 insurance year.
Last year the PUB denied MPI’s 2.07 per cent rate increase and authorized a 1.77 per cent increase, which translated to, on average, an increase of $21 to ratepayers.
» Winnipeg Free Press