Storm in a Tea Cup?

In 1978, a law was passed whereby the provincial government became the sole insurance provider for bodily injury damages to any passenger or pedestrian involved in an automobile accident. It ends up 26 years later that most, if not all, people in the Quebec automobile insurance industry will tell yo...

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Bibliographic Details
Published inCanadian Underwriter Vol. 71; no. 4; p. 30
Main Author Morin, John
Format Trade Publication Article
LanguageEnglish
Published Don Mills Business Information Group 01.04.2004
Subjects
Automobile insurance
Insurance industry
Insurance premiums
Liability
Political behavior
Provincial legislation
Public automobile insurance
Torts
Victims rights
Canada
Quebec Canada
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Summary:In 1978, a law was passed whereby the provincial government became the sole insurance provider for bodily injury damages to any passenger or pedestrian involved in an automobile accident. It ends up 26 years later that most, if not all, people in the Quebec automobile insurance industry will tell you they would never want to go back to what it was before. Early on, the loss of bodily injury premium was somewhat compensated by additional policies brought about by mandatory property insurance. On the claims side, insurers no longer had to deal with out of control medical and paramedical costs, excessive and punitive court settlements and related legal fees. For consumers, things were a little rocky at the beginning but quickly fell into place. It ends up that a small proportion of innocent accident victims are increasingly upset over the fact that road criminals also benefit from the system.
ISSN:0008-5251
1923-3426