Yes, we are concerned about it. It is $2 million plus on an annual basis and my concern is primarily in the last short while, the last 2 years seems to have been a considerable amount of claims that were, historically, not there before. We have had some big ones, of course. Fort McPherson, and of course, burden them again. So there is that large $7 million school loss. There is a concern within the market place of insurances that, an overriding concern of cost versus claim. So we are very cognisant of the fact that we have got to get as competitive a rate as possible on our insurance policies so that is how we were alluding it to costs. So we are in the market place very aggressively, the same as we are in our banking, trying to get the best rate possible. There has been as I have said, well I will give you an example, it is right here. For example, in 1991/92 our overall losses were $871,000, in 1995/96 it was $8,396,000. The year before that it was $2 million. The year before that it was a million and a half. So any insurance broker looking at that and he sees this trend, I mean, your amount of claims reflects on your amount of your costs. Whether you are driving a car, owning several houses or of course, the government with its large asset base, and the need to protect it. So that is really where I am coming from, if I may, Mr. Chairman. It is more an overriding concern about the volume of claims going in at an ever-increasing rate. Thank you.
John Todd on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 10th, 1997. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 9th, 1997
Page 517
John Todd Keewatin Central
See context to find out what was said next.