The NDP pushed the province to lower rates, arguing the reserve fund has more than enough dollars needed should there be higher claims.
While Crown Investments Corporation Minister Don Morgan acknowledged lower rates are an option, he said the province wants to maintain the reserve fund to ensure Saskatchewan could withstand a year with high insurance claims.
Opposition critic for SGI Aleana Young explained the fund is beyond full for what’s needed to cover higher claims. “I don’t understand why any government who has the ability, the money there, to give drivers a break when inflation is at a 30-year high. It is more intent on keeping that money in a Crown corporation as opposed to lowering rates and making things more affordable to drivers.”Advertisement 3He explained the fund may be higher because there weren’t many claims during much of the pandemic.“We’ve also seen some icy roads,” he said.
Morgan said he doesn’t know if there was a company in Saskatchewan that could do the volume of cheques that are required, though Young said she knows of a company that is able.
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