The Supreme Court of Canada has dismissed leave to appeal a December 2009 decision by the Nova Scotia Court of Appeal which confirmed the constitutionality of the province’s minor injury cap. In April, Nova Scotia Finance Minister Graham Steele announced that the cap would be tripled - from $2,500 to $7,500. (See the ILSTV news [...]
Oliver Wyman was contracted by the Superintendent of Insurance for the Province of Nova Scotia to provide actuarial services in regards to possible changes to the Minor Injury Regulations (MIR) that became effective on November 1, 2003 under the "Automobile Insurance Tort Recovery Limitation Regulations." The firm found the following: • The enactment of the [...]
In response to concerns about fairness, the government of Nova Scotia undertook a review of the existing minor injury cap on pain and suffering awards for injuries resulting from automobile accidents. The purpose of the review was to develop and analyze alternatives to the cap and assess the fairness of compensation while ensuring that premiums [...]
New Brunswick’s Justice Minister says he wants to look at the facts before deciding whether to follow Nova Scotia’s lead and increase the limit for insurance payouts on minor injuries. Kelly Lamrock says he doesn’t want to do anything that could result in insurance companies hiking rates or denying service. Nova Scotia’s NDP government has [...]
IBC has responded to the increase in the cap for minor injuries that was announced in Nova Scotia on April 28. IBC said auto insurance changes announced by the government will add to claims costs, but the effect on premiums won’t be known for some time until consumers and the insurance industry have had time [...]
Nova Scotia is tripling the amount of money that people who suffer whiplash and other minor injuries in motor vehicle crashes can receive from insurance companies. On April 28, Finance Minister Graham Steele announced that the cap for minor injuries will go from $2,500 to $7,500 and that the Insurance Act will be changed to [...]
The Facility Association has released its operational report for Nova Scotia for the month of February 2010. In the month of February, the Nova Scotia Risk Sharing Pool (RSP) produced a Net Result from Operations of -$228,000, bringing the calendar year combined operating ratio to 123.4%, from 127.9% at the end of 1 month. The [...]
Leading home, car and business insurer RSA Canada is expanding its operation in Nova Scotia. The company and the province, through Nova Scotia Business Inc., have signed a six-year payroll rebate of up to $2.6 million to support RSA’s growth. The investment will give the company flexibility to create up to 160 new jobs over [...]
Many people and organizations have made submissions to the Superintendent of Insurance as part of the Nova Scotia government’s Minor Injury Cap Review process. According to its submission, the Insurance Brokers Association of Nova Scotia (IBANS) says the minor injury cap has “not been an issue for the vast majority of consumers, even consumers who [...]
View the video here on your mobile device. The Nova Scotia government is helping a firm that specializes in investment risk expand in Halifax with a six-year payroll rebate of more than $1.4 million. Castle Hall Alternatives will also receive up to $150,000 from the province for training. The government says as many as 50 [...]
View the video here on your mobile device. It all started in 1804, years before the Bank of Nova Scotia was even created. The insurance industry in Nova Scotia has been a strong presence and, as a new report points out, a strong economic force. The Insureconomy report, commissioned by the Greater Halifax Partnership and [...]
View the video here on your mobile device. Many people and organizations have made submissions to the Superintendent of Insurance as part of the Nova Scotia government’s Minor Injury Cap Review process. Ontario lawyer Richard Halpern has made his submission. Halpern states that he has been very involved in auto insurance reform in Ontario for [...]
View the video here on your mobile device. Many organizations have made submissions to the Superintendent of Insurance as part of the Nova Scotia government’s Minor Injury Cap Review process. The Atlantic Provinces Trial Lawyers Association – APTLA – have made their submission, stating that it believes that “no cap should be placed on pain [...]
View the video here on your mobile device. Ahead of the Nova Scotia government’s review on the province’s injury cap, the Halifax Regional Municipality (HRM) has submitted their comments, and agree with the cap’s existence. HRM said that as the owner of over 1400 vehicles, many of which operate 24/7, and as the operator of [...]
View the video here on your mobile device. The Nova Scotia government has launched a review of the province’s $2,500 cap on insurance awards for those who suffer minor injuries in automobile accidents. Finance Minister Graham Steele says the review will examine the need to provide fair compensation while ensuring that premiums are affordable. The [...]
View the video here on your mobile device. The Law Reform Commission of Nova Scotia is calling for changes to provincial laws in order to encourage the cleanup of contaminated properties. A commission report on contaminated sites says that such properties are subject to far-reaching environmental legislation. But the commission says the current laws can [...]
