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Originally Posted by bodaggin
They could have paid the ENTIRE Kenaston widening with the rebates they already squandered.
This is absolute insanity. A $300 cheque does nothing to a citizen. But $500m does huge things on a municipal level. Plus, it was already spent money. Politically, it's a "free-tax". USE IT.
Rebates have to stop. Any of MPI's profits need to be dumped 100% into roads.
Potholes wreck cars, which drive up claims. Using profits to fix potholes reduces claims. It's an investment.
Same with dangerous intersections. Fix dangerous intersections. Save lives and claims. This isn't only smart. It's practically MPI's mandate.
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I'm perfectly fine with MPI continuing to operate as an insurer and not our backup road budget. What happens on years when MPI is short on cash? Do we siphon money out of roads for that? No we let MPI adjust their insurance premiums accordingly to make up the next year.
MPI employs actuaries who's job is to best predict insurance costs that year and what insurance rates to charge. Obviously with the pandemic that threw forecasting off a ton and we have been getting used to regular refunds on premiums, but should stabilize soon. Money back means there were fewer claims and collisions than they expected so that means the province had greater than expected road safety and/or weather conditions than anticipated.
I'd be happy with MPI continuing to share claims and collision data to help the city, municipalities, and province to prioritize road fixes and improvements, but not be a depended-on source of money, which might result in additional pressure to raise insurance rates.
If you have a problem with the state of the roads, go annoy the source of the money for said road, so your councilor or MLA.