Canadian Underwriter

Keyword
Basic Autopac

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Manitoba Public Insurance requests 2.7% overall rate increase for 2018/19 insurance year

June 19, 2017 by Canadian Underwriter

Manitoba Public Insurance (MPI) has announced that it has requested a 2.7% overall rate increase for the 2018/19 insurance year. MPI requested the rate increase for the 2018/19 insurance year in its general rate application filed with the Public Utilities

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Manitoba Public Insurance reports $30.9 million net loss for first six months of fiscal year

October 14, 2016 by Canadian Underwriter

Manitoba Public Insurance (MPI) has reported a net loss of $30.9 million for the six months of its fiscal year ending Aug. 31 – a decrease of $47.4 million over the same time period last year. This includes net loss

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Q1 claims costs up 48.1% at Manitoba Public Insurance

July 19, 2016 by Canadian Underwriter

Manitoba Public Insurance Corp., the crown corporation that writes auto insurance in the province, reported Friday its underwriting loss was $33.8 million during the three months ending May 31. MPI had reported underwriting income of $40.73 million in the three

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Manitoba Public Insurance seeks 2% basic auto rate increase after “unprecedented” claims payouts

June 17, 2016 by Canadian Underwriter

Manitoba Public Insurance (MPI) said on Friday that it has asked the Public Utilities Board for a 2% increase to Basic Autopac rates, citing an “unprecedented” year for comprehensive (non-collision) claims payouts. Basic Autopac is an all-perils coverage that insures