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New Brunswick’s opposition parties call for tripling of province’s auto insurance cap


September 8, 2010   by Canadian Underwriter


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Opposition parties in New Brunswick are promising to follow Nova Scotia’s lead and increase the amount of New Brunswick’s cap on minor auto injuries from $2,500 to $7,500.
The New Democrats made the announcement on Sept. 6 in the throes of the provincial election, which is to be held on Sept. 27.
The Progressive Conservative party also vowed, in mid-August, to triple the province’s insurance cap.
The government, meanwhile, announced in May that it would prefer to see the results of what happens in Nova Scotia first, before making any decisions about the 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,” Justice and Consumer Affairs Minister Kelly Lamrock was quoted as saying in the Times-Transcript. “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.”


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