Mr. Speaker, according to a recent report of the Insurance Bureau of Canada, in 2003, the 200 general insurance companies made profits of $2.6 billion, which represents a 700% increase over 2002. Meanwhile, seniors, young people and low income individuals are forced to sell their vehicle or to break the law by driving without insurance, because their premiums sometimes exceed payments on their car.
Does the federal government intend to do something to stop these companies from robbing Canadians?