Among a number of significant changes to the current Ontario accident benefits regime , the Financial Services Commission of Ontario is considering the following changes to the tort regime (suing the at fault driver) in Ontario which would provide greater access and a more equitable and fair system of compensation and rehabilitation for victims of motor vehicle accidents:
Release of 5 Year Review of Auto Insurance by FSCO
The 5 year review of auto insurance in Ontario was released today by the Superintendent of FSCO. The report contains 39 recommendations for auto insurance reform with a focus on achieving savings from accident benefits. From my perspective , they are very serious recommendations that severely impact Ontario drivers.
Some of the suggestions include:
1. A reduction on the deductible on non-pecuniary general damages from $30,000 to $20,000;
2. A reduction on the deductible on Family Law Act claims from $15,000 to $10,000:
3. Eliminating a $15,000 deductible for fatal accident claims,
4. Revoking the regulation defining the Verbal Threshold.
My personal injury team and I will continue to watch closely the changes, development and implementation of Ontario’s proposed changes and work to ensure justice for accident victims’ to receive fair compensation for their losses and suffering.
Tags: Accident Benefits Insurance Claims, Add new tag, Auto Insurance, Car Insurance, FSCO
#1 by harold schlesinger on April 13th, 2009 - 4:53 pm
Dear Mr Hollingsworth
I am an independent adjuster in Toronto so we have never met. I want to compliment you on the excellent website that you have for potential clients. It’s a lot better than a lot of the sites that your competiors have.
Harold Schlesinger