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MPI policyholders receiving another round of rebate cheques

WINNIPEG — Manitoba Public Insurance (MPI) customers will be getting another rebate cheque in the mail soon.

Announced by Crown Services Minister Jeff Wharton during a news conference Monday morning, every policyholder will receive approximately $100.

The cheques are set to arrive after Christmas and into January.

Altogether, MPI estimates it will send 675,000 cheques worth around $69 million.

The Minister cited 20 per cent fewer collisions from March to October than last year and MPI’s forecast of collision frequency remaining favourable into the spring as reasons why the insurance company is issuing the rebate.

The rebates will be based on what policyholders paid during this period and is expected to be about six per cent of their annual Basic Autopac premium.

This is the second round of rebate cheques issued this year. The Crown corporation gave another round of rebate cheques worth $110 million back in May, with each policyholder receiving between $140 and $160.

MPI said the rebate cheques would not impact the company’s financial situation.

This is a developing story. More details to come.

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