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Car news / Lawyer Groups Say Auto Insurance Report is Good News representing Accident Victims

04.04.2009

Lawyer Groups Say Auto Insurance Report is Good News representing Accident Victims

Car Insurance News / CarInsurance.com

Canadian Press Insurance Related
Published: Thursday, April 02, 2009 

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By THE CANADIAN PRESS

TORONTO - Lawyer groups conditions a examine of the assurance producing released Friday is agreeable tidings representing mishap victims fa‡ade big deductibles imposed close by auto insurers.

The five-year review, conducted close by the Financial Services Commission of Ontario, advises the local regulation to cut back the deductibles representing injured mishap victims from the contemporary $15,000 and $30,000 to $10,000 and $20,000.

The Ontario Trial Lawyers Association and Ontario Bar Association, which welcomed the report, conditions it recognizes the "punitive nature" of the industry"s deductibles.

Richard Halpern of the bar fellowship says the assurance producing has at all times been single of Canada"s most beneficial and can smoothly be obsessed the means the proposed changes.

Stephen Nelson, whose dam died in a 2004 automobile accident, says he hopes the account desire quick the regulation to demand upon changes concerning deductibles.

Nelson"s kith and family was artificial to proceed their assurance companionship to living up to its obligations after it held risk in $165,000 in deductibles against compensation awards.

Car Insurance News: Lawyer Groups Say Auto Insurance Report is Good News representing Accident Victims...Get an auto assurance quote!

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