For one, the government has renewed its commitment to
lowering auto insurance premiums by 15%, which it intends do accomplish by
raising deductibles from $300 to $500, as well as lowering maximum interest
rates and forbidding increases on premiums because of “minor, at-fault”
accidents.
“Our government, under the guise of protecting victims, is
proposing to cut over a $1 million dollars in coverage for the most seriously
injured among us while pretending that they are fiscally responsible,” said
Rhona Desroches, FAIR Board Chair. “You don’t have to be an accountant to see
that the government is doing the industry a big financial favour and doing it
on the backs of some of the most disabled individuals in Ontario. It’s a disgusting and unacceptable
way to treat these vulnerable individuals.”
Source/ more:
http://www.insurancebusiness.ca/news/ontario-budget-2015-the-divisive-industry-reactions-190698.aspx
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