Winnipeg Free Press

Tuesday, March 07, 1972

Issue date: Tuesday, March 7, 1972
Pages available: 58
Previous edition: Monday, March 6, 1972

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  • Publication name: Winnipeg Free Press
  • Location: Winnipeg, Manitoba
  • Pages available: 58
  • Years available: 1872 - 2025
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OCR Text

Winnipeg Free Press (Newspaper) - March 7, 1972, Winnipeg, Manitoba Winnic free press tuesday March 7, 1972 sask. Auto plan boosted Regina up the Saskatchewan government s compulsory automobile insurance plan is the most advanced of its kind anywhere and eventually will be adopted across Canada at Torney general says. It is a matter of or. Improved Auto insurance indicated new Auto insurance trends being contemplated by private companies in other provinces could make Manitoba s govern ment run Auto insurance scheme aut Opac less than adequate John Nagle president of the Canadian federation of insurance agents and brokers association said monday. Roy Romanow i the trend in other provinces is to broaden the voluntary Accident benefits for the policy Romanow told 110 agents at the Holder. Agents a and there s a trend to. Make l mandatory Accident benefits in i All or. Nagle said in an interview at the office of the insurance agents association of Manitoba. Ontario he said now offers greater benefits through Pri vate companies than Manitoba Saskatchewan government Durance office or. Romanow minister responsible for the Crown corporation also said the govern ment does t care about the political affiliation of agents re presenting the Agio. You have nothing to fear by i under adhering to individual political and once benefits of Man affiliations whatever they May Satorv Accident coverage Are be and. Can assure you that As i en5fched Jhen private Long As agents Are Loyal and work in the Best interests of the corporation they will receive our full co operation regardless companies will take a look at no property damage for to or Nasle explained that on of political the min Tano 1s considering All these possibilities right now and the ister said. We do not require or. Romanow said the automobile Accident insurance scheme will Likely new and Quebec. As Well As haying an inferior Auto insurance scheme or. Act has been praised by sask at Nagle foresaw a Tough time for Chewan. Motorists those most Manitoba based companies and vitally concerned. Industry insurance Wise. At the same time it has been there could be a crippling criticized by self interested in shortage of insurance Compa Durance carriers certain Politi Dies in your this cans and Media who Don t be could Lieve in the principles of the he explained that the govern act Manthas taken away the larg est portion of insurance for he said the fact is that every Saskatchewan resident car owner or not has been entitled to benefits if injured by a motor vehicle during the years. Romanow said far reaching improvements will be introduced to the act during the c u r r legislative session which will substantially Benefit any person injured in an Auto Mobile. The government insurance of fice is a people run people based organization which in vests its reserves and surpluses in Industrial in the province. Most Compa Nies and reduced their economic base. The insurance executive said 12 companies have moved from Manitoba since aut Opac went into effect in november 1971. Naturally a o m Are withdrawing their services Bev cause they do not have the Large base insurance to choose said Manitoba wont see the immediate effects of insurance companies with d r a w a 1. It s a Long term or. Nagle explained that when the number of companies providing insurance coverage in a province diminishes then the number of risk placements also declines. And that can be drastic to any he said he does it believe government insurance will Ever re ally replace private insurance because it government does t have the he termed the government s move into the Auto insurance Field a dramatic dislocation of the business by the government on a purely political the Manitoba government was off base when they said they would save the average Motorist Money and also make Avail Able More capital from the insurance Industry for private use he said. The government claimed there was a Premium outflow from the province and there never has been he added. This talk about a flow of Premium dollars is a Bunch of Gar he explained about 70 per cent of the insurance Dollar is returned immediately to the to private sector . Accident costs damages and claims what about aut Opac s claim that it returns 83 per cent ill believe that when i see or. Nagle said. Manitoba companies and Industry could have problems getting other insurance if the government also decides to move into other insurance Fields such As fire and property coverage. It happened in Saskatchewan did t it he asked. Or. Nagle said the insurance associations Are Well aware that there is the. Possibility that other governments might also move into the insurance Field. Labor he acted is pushing hard for government operated , but insurance Compa Nies Are combating it with new trends and better rates for policy holders. Service Symbol new York the Telephone instrument represents Only about 6 per cent of the Plant and equipment required to pro vide a customer with service. Lose by i Inch in on1y from worst from hips minutes no tiring exercises no rid diet no costly pills Oor method has proven itself in the Art of making you Beautiful. Lose unwonted inches. All you have to do is sit Back in a comfortable sofa and relax while the Perma Tom method does the work for you. 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