Manitoba Public Insurance seeks a 3% rate hike for 2025-26 due to $130M loss and rising costs.
Manitoba Public Insurance (MPI) requests a 3% rate hike for the 2025-26 fiscal year following a $130M loss due to increased expenses and a 2022 hailstorm. The rate increase, effective from April 1, 2025, aims to address rising costs in claims, labour, raw materials, and technology. The rate application will be reviewed by the Public Utilities Board in October, with a decision expected in December.
July 05, 2024
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