The Liberals said yesterday all new rates will be approved by July 15 -- three months after the April 15 date they initially set for lower rates to take effect.

"It will take some time for people to see those, but already as of April 15 people are seeing decreases in their rates, and we're continuing to work to bring in other reforms so we can continue to see rates go down," said Diane Flanagan, spokeswoman for Finance Minister Greg Sorbara, who is on vacation.

When the Ontario government was sworn in last Oct. 23, Premier Dalton McGuinty immediately froze insurance rates for 90 days, promising that rates would fall on average by 10 per cent when insurers filed new rates on Jan. 23 as the government required.

But that was the first time all of the province's 61 insurance companies filed rate changes at once, which resulted in a mass of paperwork, and many of the filings were complex, Flanagan said. Source.

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