NB’s minor injury cap should be adjusted for inflation: Progressive Conservatives

Should New Brunswick elect a Progressive Conservative government in the coming provincial election, the Insurance Bureau of Canada (IBC) will work with the newly elected government should it fulfill its election promise to review the province’s minor injury cap.
IBC believes the cap $2,500 cap on minor injury benefits is working well for New Brunswickers. But, if a newly elected government wishes to review the cap, the bureau will work with it, Bill Adams, Atlantic vice president at the IBC, said.
“As well, given the cap has been in place for seven years, indexing it with inflation may be appropriate,” he added.
This comes in response to the Progressive Conservative Party of New Brunswick’s election promise to review the soft tissue cap and definition if elected on Sept. 27, 2010.
“The goal of the Progressive Conservative Party is to have no or very limited impact on insurance rates in the province due to this measure,” said Jody Carr, MLA Oromocto and critic for justice and consumer affairs with the Progressive Conservative Party of New Brunswick, said.
“It is reasonable to assume that, at a minimum, inflationary pressures over the years since the cap was set seven years ago at $2,500 would lead to a reasonable increase,” he added.
The amount, however, would be determined through consultation from those within the industry and consumer organizations.