Insurance Bureau of Canada Applauds 2023 Ontario Budget

TORONTO, March 23, 2023 /CNW/ - Following the release of the 2023 Ontario Budget, Insurance Bureau of Canada (IBC) issued the following statement:

IBC applauds the Ontario government on the release of its 2023 Budget ? Building a Strong Ontario. The government has identified increasing insurance premiums as a challenge to driver affordability and committed to taking action in response. This budget demonstrates the government's focus on improving auto insurance in the province by reducing costs, increasing choice and cracking down on fraud.

"It is clear the government is committed to making driving less expensive for Ontarians," said Kim Donaldson, Vice-President, Ontario, IBC. "IBC and its members stand ready to work with the government and all other stakeholders interested in making auto insurance more affordable for drivers."

Insurance Bureau of Canada is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up the vast majority of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow us on Twitter @InsuranceBureau and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC.

SOURCE Insurance Bureau of Canada