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Originally Posted by Wolven
I think insurance should be nationalized. Since the government makes it mandatory to have insurance on homes and cars then the government should provide insurance at more reasonable rates where the goal is to protect people's assets and livelihoods instead of prioritizing corporate profits and CEO bonuses.
BC's public insurance is looking pretty good in that graph, especially in the automotive graph. I expect their housing insurance costs are higher because the cost of housing in Vancouver and Victoria is so high compared to MB, NL, and PEI. Although, I am really curious how the QC home insurance numbers are so low.
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I thought ICBC only provided Auto insurance, I am not 100% sure but think SGI Property insurance is private and I don't know about MPI.
Does the Government make property insurance mandatory? I don't think they do. I think banks make it mandatory if you have a mortgage.
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Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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