MPI to request an additional rebate

Manitoba Public Insurance (MPI) is requesting to pay an additional rebate of $16 million to consumers.The Public Utilities Board (PUB) ordered MPI in April 2011 to distribute a 45% ($320- million) rebate of vehicle premiums paid in the 2009-10 insurance year.In response to consumer concerns, the insurer is requesting permission to issue an additional rebate of $16 million that would be paid out on top of the $320-million rebate.Recently CAA Manitoba and the Consumers Association of Canada asked the PUB to review the most recent rebate and the method used to determine the amount of rebates to customers. “In effect, the corporation is asking that all ratepayers receive the ‘greater of’ a calculation based on both premiums paid in fiscal year 2009-10 and on the 2009-10 insurance rating year,” said Marilyn McLaren, MPI’s president and CEO. “This will ensure affected customers receive a rebate based on the calculation that is most advantageous to them and eliminates any potential disadvantage based on their particular vehicle or Autopac insurance purchasing decisions.”