2009/04/20
13:39:05
A report by the Canadian Bar Association is showing the $25 hundred dollar cap on minor personal injury insurance claims is giving insurance companies excessive profits.
Spokesperson Stephane Viola says the provincial government must eliminate the Injury Regulation adopted in 2003 to help people get fair compensation.
Viola says all injuries short of catastrophic are under the blanket term minor personal injury.
He says since the cap has been implemented the insurance industry is draining the New Brunswick economy of at least a quarter of a billion dollars.
