Friday, April 3, 2009

Recommendations of FSCO Released

The release of the five year review of motor vehicle insurance by FSCO was released today by the Superintendent of FSCO. The report contains 39 recommendations for the reform of auto insurance. Significantly for innocent accident victims, the Superintendent's suggestions include: 1. Reducing the deductible on non-pecuniary general damages from $30,000 to $20,000; 2. Reducing the deductible on Family Law Act claims from $15,000 to $10,000; 3. Eliminating the $15,000 deductible on fatal accident claims; and 4. Revoking the regulation defining the verbal threshold. In sum, it would appear that this will increase access to justice by innocent accident victims. To discuss your personal injury \ motor vehicle accident case, call Todd K. Plant, Ottawa Personal Injury & Motor Vehicle Accident Lawyer, 613-563-1131, www.pqtlaw.com

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