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CTV News: Lower auto insurance premiums could hurt more than they help, lawyer says

May 12, 2015

Critics of Ontario’s proposed changes to auto insurance say lower rates may not necessarily mean more money in your pocket.

According to the Personal Injury Alliance (PIA), the changes outlined in the provincial budget would shift the financial burden of accident-related health-care costs from insurance companies to the taxpayers.

The PIA said the new changes would make it harder for people to get catastrophic injury status. And those who do suffer a debilitating injury would see their health-care funding slashed to $1 million instead of the current $2 million.

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