The Toronto Sun reported today, Ontario told to slash insurance benefits Insurance claims for car injuries face 75% cut. Essentially, the Financial Services Commission of Ontario made the recommendation as part of it's five year review of the insurance industry. This issue stems back to my previous entries and deals with accident benefits that you collect from your own insurance company.

Under the SABS legislation if you are not a catastrophically injured person the maximum you are entitled to is $100,000 for medical and rehabilitation benefits. However, the new proposal recommends $25,000. Critics state that this would place an incredibly heavy burden on the Ontario health care system as more individuals would turn to the provinces for relief. The Insurance Industry says that Ontario has the highest payouts and that people are being over treated.

The complete Toronto Sun article can be found here.