2017-2018 MPI PUB Hearing – CMMG Transcript
CMMG lawyer Raymond Oakes recently presented at the Manitoba PUB hearings on October 19, 2016 and October 25, 2016 regarding MPI. Below are the links to download the full PDF transcripts from the PUB site. They are quite long and in dept (too long to post here) but very much worth the read.
CMMG recommends everyone give these a good read as there is some great information and it really shows just how much work Mr. Oakes is putting into the fight on CMMG’s behalf.
October 19, PUB hearing – CMMG Transcript – Link
MR. RAYMOND OAKES: And we see in 21 those two Roman numerals, I and II, further 22 explanation of the general statement about the 23 increase driven by higher claim costs and a negative 24 financial climate. And there, Mr. Johnston, you see 25 that they're further described as: 1 "...an increase in comprehensive 2 claims forecast driven by higher 3 than expected hail claims, and 4 overall -- and higher overall 5 comprehensive severity growth in 6 2015/'16." 7 Do you see that as the corp – 8 Corporation's rationale? 9 MR. LUKE JOHNSTON: I do. 10 MR. RAYMOND OAKES: And then secondly 11 the other item, the deterioration in forecasted 12 investment income. Is that correct, sir? 1 3 MR. LUKE JOHNSTON: That's correct. 14 MR. RAYMOND OAKES: So just staying 15 with that first bullet then, you'll agree with me that 16 this rationale doesn't relate to the need to extract 17 more money from motorcyclists. 18 Is that correct? 19 MR. LUKE JOHNSTON: The first bullet 20 point on comprehensive claims, motor -- motorcycles do 21 not have comprehensive coverage as part of Basic, so, 22 correct, this is unrelated to motorcycles. 23 MR. RAYMOND OAKES: And certainly the 24 motorcycles aren -- aren't out in wintertime. And 25 their experience, their losses, are mostly PIPP and 1 not physical damage. 2 Is that correct, sir? 3 MR. LUKE JOHNSTON: That's correct. 4 Injury claims are about 85 percent of their loss 5 costs.
October 25, PUB hearing – CMMG Transcript – Link
MR. RAYMOND OAKES: Thank you for 25 that. If we can take a peak at CMMG Exhibit number 1 10, and last year we'd asked the Corporation to 2 compare the budgeted amounts for wildlife collision 3 initiatives with seatbelt and distracted driving 4 safety initiatives by comparing the budgeted amounts 5 for each of these road safety concerns with the 6 estimated losses. 7 The Corporation responded that that was 8 not possible at that time. The Corporation had 9 tentative plans in 2016/'17 for a costing study that 10 may be used for, or in the future for estimating the 11 losses attributed to distracted driving. 12 Where are we at with respect to being 13 able to answer that question, and the budgeted amounts 14 for those initiatives?