It's not at all surprising that Brampton MPP would be requesting the elimination of territory rating, since this would entirely be to their benefit. Brampton pays higher insurance rates because the people who live there claim MUCH more than anywhere else in Ontario. If you eliminate territory rating, then the people who live in places where claims are very low will see premium hikes in order to subsidize the high-claim territories. If high-risk territories are going to see premium decreases, then low-risk territories will see premium increases.
Bookmarks