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'Wednesday, February 22,:1989 TERRACE BAY/SCHREIBER NEWS Page.3 New auto insurance rates announced By Dave Chmara The Ontario Automobile Insurance Board released the Board's decision February 13 on private passenger automobile insur- ance rates to be effective on or before June 1, 1989. Following 12 full days of hear- ings and two evening sittings com- mencing December 12, 1988 and ending January 13, 1989 and after considering all the evidence includ- ing over 4,000 pages of transcript, over 580 exhibits, and over 430 submissions from the public and arguments from the parties, the board decided that the average industry-wide benchmark rate increase should be approximately 7.6 percent. , This benchmark is to be bound by a range of +9 to -20 percentage points. In order to conduct an expedi- tious and timely public review, and acting in accordance with the Ontario Automobile Insurance Board Act, 1988, the Board retained the independent consulting firm, William M. Mercer Ltd., to prepare a rate proposal for consid- eration by the Board. The Mercer Proposal called for an average benchmark increase of approxi- mately 35 per cent with a range of +10 and -25 percentage points. Dance for | Heart Continued from page 1 all deaths are caused by heart attack or stroke. She also men- tioned that this figure is higher in Northwestern Ontario - around the 59 per cent range. To put this in perspective, she said cancer only accounts for about 26 per cent of all deaths in the same area. Warf said approximately $5,800 was raised in the Terrace Bay Dance For Heart fundraiser last year. ! Although Warf did know at the time of the Dance For Heart held in Terrace Bay the amount of money pledged in Manitouwadge, she refused to reveal the amount; She was concerned, and proba- bly rightly so, that Terrace Bay par- ticipants would cough up the required funds if they learned that Manitouwadge pledged more money - if indeed that was the case. She did mention that the totals for this year won't be available until somewhere around the end of the month - until all the donations are received. As a result, a winner won't be declared until that time in the chal- lenge between Manitouwadge and Terrace Bav. Insurance companies may charge premiums in a range that extends 9 percentage points above or 20 percent below the 7.6 per cent benchmark figure. Board Chairman John Kruger described the decision as "being the result of careful consideration of all evidence received at the public rate setting hearing. I believe that this rate range fulfills the Board's man- date to set rates that in the opinion of the Board are just and reason- able~and not excessive or inade- quate." Although the benchmark rate was determined to be an average 7.6 per cent increase over the cur- rent industry-wide rates that were capped by the Ontario government on April 23, 1987 (which were allowed to be raised by 4.5 per cent on Jan. 1, 1988), it is important to note that not all drivers will auto- matically see premiums increase by this amount as some consumers will have decreases while others will see increases within the range established by the decision. There are two main reasons for the rate increase which will affect almost 6 million Ontario drivers - the overall average rate level increase, mostly as a result of claim costs, and the adjustment required to implement the Board's Class Plan. The Board noted: that all drivers will now play by the same rules. Greater emphasis is now placed on driving experience and those iden- tifiable risk .characteristics that effect loss costs such as claims, convictions, territory, vehicle use and annual driving distance. Rates will no longer be deter- mined by age, sex or marital status. Everyone will now pay the same surcharges for claims and convictions. Drivers in large urban centres exposcd to heavy congested traffic have a greater chance of acci- dent than drivers in smaller centres. These drivers will now pay a larger premium to better reflect this greater risk. Drivers in non-urban areas may pay less. Insurers will now require board approval to increase rates. above the 9 per cent or to decrease rates below the 20 per cent currently allowed by the Board. The Board intends to review rates for 1990 in the fall of 1989. The Board intends to review rates on an annual basis and rate hear- ings will be held in September, . TLC dispensers . Oppos. of began 34. Counterfeiter (if . Jules, former gov. gen. . Fitzgerald, the singer 39. Church-goers, as a wants a cracker!" with new rates, if any, to be effec- tive January 1, 1990. : The Board will publish compar- ative price information to assist consumers to comparison shop. The Board will also publish 4 com- prehensive rate manual to assist the public to understand how insurance premiums are determined. As well, the Board will publish annually the financial results of the regulated Ontario Automobile Insurance Industry to ensure complete public disclosure of the financial status of insurance companies in Ontario. what's the last? group bread was money) 1 2 3 4 5 6 rs 8 9 10 "1 | a CROSSWORD PUZZLE _] @ |. is fi "Bucks" 16 16 17 ACROSS 1. Cigarette residue 38. Not fresh (as bread) iE 1° 4, Pace 40. Canuck's neighbour =o -- a = 8. Pub beverage 42. They shoot old horses ; 12. Skip to my ___ that complain, don't 13. Close by they? eaten APE ed 'eu ie 14. Foreboding 44. Weird, uncanny a = 15. Bucks 48. Buck 18. Smack with the hand 52. This garment of song =< a 7a 19. Lisper's word for okay has many colours 20. Profound 53. Earth (Scot.) sa - a ee 23. ad eee for 54. __ light ae tel old Coast sunset and darkness 26. What to do ina 55. bitsy e a i bye pal 14 "Yellow Sumarine" 56. Tolkien creatures calli saaaiets 29. Theatre box seat 57. Caucasian ibex 31. Teutonic sky god 5 5 es 32. Buck * DOWN 35. How to address Mr. T : 36. Shopping centre 1. Charity we Ss s7 4 37. Made a hole in one 2. Bar of 3. Dance or hoop = 4. Boa or adder 5. Decade 24. Long African river 41. Uncool persons _ 6. Satisfy the munchies 25. Lang Syne 43. Old-fashioned dagger * 7. Victime of a crime 26. Depriviation 45. Polly's getting fussy, now . 8. Salvation Army founder 27. What's_____._ for me? she specifically wants , 9. Be (be sure of 28. Porches a é oneself and stress it) 30. Posh event 46. Hawkeye state . Shoe width size 33. Alpha is the first, 47. Vancouver's witty Nicol 48. Here (Fr.) 49. Certainly ! (No way) 50. Unnaturally pale 51. Aesthetic stuff BIRTH ANNO[IN[EMENT Daryl & Carol Broughton are pleased to announce the birth of their daughter, Jade Miranda on January 15, 1989, weighing 8 lbs., 10 ozs. Jade was born at Royal Island Hospital, Kamloops, B.C. Thank you Many thanks to all my friends who sent flowers, fruit baskets, cards and visited me during my stay in the hospital. Special thanks to Dr. Wilkes, the nurses and staff of the McCausland Hospital. Ray Hansen Thank you Jack Handel and Beth Macadam wish to thank those who voted, resulting in them being chosen as Senior King and Queen of the Winter Carnival. They thank the Recreation Committee for the trophy and gifts and the privilege of attending Carnival functions. It was an enjoyable experience. Our thanks to all concerned. Thank you We would like to thank everyone who came out and made our social a success. Special thanks to Terry, Steve and Daryl-Lynn for all their time and effort. Also thanks to anyone else who helped out in any way. Hope it was a fun time for all. Garry & Donna Thank you I would like to thank Dr. Raczycki and nurses of McCausland Hospital for the good care I received while I was a patient there. I would also like to thank my neighbours, friends, family and grandchildren for their visits, flowers, fruit baskets, candies and cards. Thank you to the J.A. Group of St. Johns for taking the time to make get well cards. Your thoughtfulness is very much appreciated. Godfrey Birch Visiting Thunder Bay? Shopping? Skiing? Find comfort at Paradise Motel x * Very clean rooms at Budget rates * Daily &/or weekly rates * Close to all major attractions * Variety of family restaurants within one block * Reservations - phone ahead (807) 577-8686 Dianne Koivumaa (mgr) 221 W. Arthur Street (Highway 11-17B) Thunder Bay. Ontario P7E 5P7