Forgeron points to the Nova Scotia example for a healthy working relationship between government and insurers.
“In Nova Scotia, three different governments headed up by three different political parties supported product changes that have led to what is now a highly functioning, affordable auto insurance product for Nova Scotia drivers,” he says. “The reason? Because the prize was a product that balanced benefits with the cost of benefits and governments of every political stripe went after that prize: balance. That’s what their constituents wanted. That’s what they achieved.”