New Brunswick plays game of wait-and-see with Nova Scotia’s new minor injury cap

New Brunswick is keeping an eye on the outcome of Nova Scotia’s recent decision to triple its minor injury damages cap from $2,500 to $7,500, according to a report by the Times & Transcript, based in Moncton, New Brunswick.
New Brunswick currently has a $2,500 minor injury cap.
“We’re going to take a look at what Nova Scotia’s doing and if there’s anything from their experience that we can learn, we’ll take a look at it,” the paper quotes Justice and Consumer Affairs Minister Kelly Lamrock as saying. “We have to also make sure we measure carefully what we do because we don’t want to create six or nine months of uncertainty, or spiraling premiums and lost coverage for New Brunswickers.”
When Nova Scotia raised its cap, Nova Scotia Finance Minister Graham Steele asserted the changes wouldn’t have negative effect on rates.
Lamrock said he would be paying attention to the true outcome of the changes.
“If Graham Steele is proven correct, that would be of interest to me. Certainly, one always wants to be very careful,” the Times and Transcript quotes him as saying. “There are cases where governments have moved aggressively and insurance companies suddenly start denying 2,000 or 3,000 people coverage.”