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Friday, June 29, 2012

Insurance Industry Appears Happy With Proposed Changes

Balanced and well reasoned........That's how Bill Adams of the Insurance Bureau of Canada describes the provincial government's proposed changes to auto insurance.

Adams likes the idea of having a list of minor injuries because it gives greater clarity on what constitutes a minor injury.

Adams did not criticise the proposed increase in the minor injury cap from 25 hundred to 75 hundred dollars.

He does say it will take some time and alot of actuarial number crunching before it's determined the effect the changes would have on what you pay for auto insurance.