Gov't proposes bigger car insurance payouts for minor injuries
6/28/2012
The province has plans to boost the cap on auto insurance payouts for minor injuries. Justice minister Marie-Claude Blais has tabled a document that would raise the cap from the current $2,500 to $7,500, and be indexed to inflation. Blais also proposes a new definition for such injuries, meaning fewer people would be limited by the cap. The minister says actuaries have told her department the changes should result in no increase to average premiums. This is all in response to a report from a working group that studied the issue; it had called for the cap to be set between $4,000 and $6,000. Stakeholders and the public will have 30 days to provide input on the proposals.