Canadian Marketplace

ONTARIO AUTO RATES INCREASE IN 2009 Q1 BY ABOUT 1%

Auto rate applications approved by the Financial Services Commission of Ontario (FSCO) for 2009 Q1 averaged +0.95% based on the entire market.

In 2009 Q1, the average rate change was +3.09% for the 30.91% of the market that had approved changes when weighted by market share, according to FSCO.

Rate changes approved for the entire market were +5.59% in 2008 and +0.55% in 2007.

Among the companies requesting 2009 Q1 rate changes from FSCO, the Top 5, as ranked by 2007 market share, had the following rates approved:

• The Dominion of Canada General Insurance Company had a change of -0.82%;

• The Co-operators General Insurance Company had a change of 3.42%;

• The Wawanesa Mutual Insurance Company had a change of 4.94%;

• Personal Insurance Company had no change; and

• Unifund Assurance Company had a 5.34% change. Rate changes approved in 2009 Q1 become effective in 2009 Q1 or later for renewal business.