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HomeMy WebLinkAboutThe Lucknow Sentinel, 1988-12-14, Page 10Page 10—Lacknow Sentinel, Wednesday, December 14, L988 This little angel was hitting all the high notes during last Friday's Christmas Con- cert by the Lucknow Christian School. The program, which involved all the students, was held at the church and reflected all the warmth and sharing associated with this glorious time of the year. (Rob Bundy photo) Report calls for rise in rates The Ontario Automobile Insurance Board today published an independent consultant's proposal for private passenger automobile insurance rates for the Board's consideraton at an industry- wide public hearing commencing December 12, 1988. The actuarial consulting firm of William a. M. Mercer Ltd. was retained by the Board to prepare a proposal. Mercer proposes private passenger auto rates according to the Board Class Plan, a uniform system of grouping risks. The Mercer proposal in- dentifies new rate levels which Mercer considers adequate from an actuarial point of view. The Mercer proposal notes that the im- pact of its rates on an individual's in- surance costs is difficult to quantify. Overall, if the Mercer proposal is accepted by the Board, the effect would be an average rate increase of between 35 and 40%. Some individuals could see their rates decrease, while others could have increases. The rate recommendations contained in the Mercer proposal are those of Mercer and are not binding on the Board. The Mercer proposal is intended by the Board as a reference point for analysis,and com- ment by participants in the Hearing. The Board has already held public hear- ings and rendered decisions on a uniform class plan, rate making methodology, and industry profitability. As required by law, it has adopted a class plan that eliminates age, sex, marital status, handicap and family status as criteria in the establish- ment of rates. As a result, the driving record of a driver will be more significant in the determination of premiums to be charged by insurance companies. The Board indicated in its rate making methodology hearing a preference for ranges of rates rather than fixed rates in order to stimulate competition among the insurance companies, thereby permitting consumers a freedom of choice. The Board's decision on industry pro- fitability identified the rapidly rising cost of claims as the single most important fac- tor contributing to the need for increases in premiums. Approximately $.80 of every premium dollar is paid out to settle claims. After hearing the evidence on the Mercer proposal, the Board will set private passenger automobile ranges of rates for 1989. It is expected that a decision will be announced by the end of January, 1989. The Board has placed notices in daily and weekly newspapers throughout the province to advise members of the public of their right to express their views. Per- sons wishing to participate in the Hearing may do so by contacting the Board Secretary and indicating their intent to participate by making an oral or written submission. Copies of the Mercer proposal are available upon request. Once the Board has made its decision, all companies writing auto insurance in Ontario will, either fix rates within the ranges or apply to the Board for permis- sion to charge rates outside (above or below) the ranges. Members of the public are encouraged to contact the Board at: 1-800-668-0128 or by writing 5 Park Home Avenue, 4th Floor, North York; Ontario, M2N 6L4. Top student honours Congratulations to Jo Anne De Boer, daughter of Mrs. Simon De Boer. Jo Anne attends Ridgetown College and is in her final year. During the awards night Jo Anne was presented the award for top stu- dent in the Horticultural Crop sections for Juniors. She was also presented the Profi- ciency Award for Bruce County. Iry and Elizabeth Dickie attended the Sunday School Christmas Service at 'Markdale United Church on Sunday. They also celebrated Curtis Dickie's 3rd birthday. The annual Pot Luck Dinner will be held at South Kinloss Church on Sunday follow- ed by the Sunday School Christmas concert. Laurie and Wayne Bell enjoyed a Parrish & Heimbecker is pleased welcome Cook's to the family. On December 31, 4988, Cook's will become part of the Parrish & Heimbecker group of companies. At P&H, we're delighted with the acquisition. Cook's has developed an excellent reputation with farmers in southwestern Ontario based on over 100 years of fair trading in crop inputs. grain and bean handling. They are a world leader in processing and export of edible beans. Cook's is committed. as wve are at P&H, to scRing agriculture in Canada. Their people will add new strength and expertise to our or`gani7ation. a co r. You may not notice a great deal of change at Cook's. The Cook's name will remain on facilities in Centralia, Kirkton and Walton, as well as at head office in Hensall, Ontario. You'll find the same people serving farm Customers, dealing with export buyers; and managing Cooks' operations. And most importantly, you'll still find Cook's to be the place where you can trade with confidence. To Cook's employees, customer's and trading partners ... welcome to the P&H family. Parnsh 6i Heimbecker Limited h� Von Street Tc'rcnto, Ontario ,fit: E HH: OUTH KINLOSS by Ruth Buchmeier Christmas holiday in Alberta. They attend:- ed ttend-ed the staff Christmas party of P.I.C. where Wayne works at Calgary. They stayed at Acme and toured different parts of Alberta. Some places were Lake Louise, Banff, and the Olympic site at Calgary. Visiting last week from Didsbury, Alber- ta were relatives with Ruth and Ray .. Buchmeier. Anne and Ken Ried and family of Listowel are staying with Currie Cowell until their house is available. LUCKNOW CHRISTIAN REFORMED CHURCH Invites You To Worship With Them On Sunday, December 18, 1988 10 a.m. and 2:30 p.m. Nursery downstairs morning & evening EVERYONE WELCOME LUCKNOW UNITED CHURCH SUNDAY, DECEMBER 18, 1988 Sunday School 10:00 A.M. Worship Service 11:00 A.M. Rev. Gerald McFarlane Nursery and junior congregation provided EVERYONE WELCOME Thank you for buying We put good taste into everything we make! Tom Andrew Fairview Dairy Lucknow 528-3725 Beatrice B.A. McDONAGH REAL ESTATE & INSURANCE LTD. 528-2031 LUCKNOW LOT - 2 blocks from Main Street. '12,000.00. 200 ACRE FARM - Farrow to finish, 170 drained, 2 silos, 2 granaries, implement shed, 4 bedroom home, farm credit mor- tgage available. CULROSS TWP. - 200 acres, approx. 150 workable, 7 acres of hardwood bush. Ask- ing '130,000. KINLOSS - 100 acres, small lake, 75 workable, asking '52,000. Listings Wanted FRASER MacKINNON 528-3013 BARRY McDONAGH 528-3821 DAVID MacKINNON 395-2483