WINNIPEG – Despite an increase in revenue, Manitoba Public Insurance lost money during the last six months of its fiscal year ending on August 31st.
They lost close to $31 million during that time period.
MPI says the total cost of claims rose by almost $200 million compared to the first half of the fiscal year.
The increase is mostly blamed on more injury claims being filed.
The Crown Corporation asked the Public Utilities Board to increase premiums by two percent for the next insurance year although that has yet to be approved.