The TTC’s insurance costs surged last year, pushing the amount the transit agency spent to settle accident and other claims to $33.6 million.
According to figures provided by the transit agency, the money it paid out in 2016 was a 50-per-cent increase compared to 2014, when the TTC settled $22.3 million worth of claims. It was also higher than the $29.4 million it spent in 2015.