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.
You have a right and a say. Please consider contacting your local MPP to discuss these changes and voice your concerns. The rights of Ontario accident victims need to be heard and most of all protected. You may not think this is important, but believe me, should you ever become seriously injured, it will be more important than ever that you have a clear understanding of what accident benefits you are entitled to, as well as what deductibles you will be required to pay. The injuries caused by accidents not only bring about pain, but they can also bring very significant costs as well for medical treatments not covered, as well as lost income from work in some cases.
My personal injury lawyer 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.