ICBC placing $5.5K cap for pain and suffering on minor injury claims - News Summed Up

ICBC placing $5.5K cap for pain and suffering on minor injury claims


The cap, scheduled to go into effect on April 1, 2019, will not apply to wage loss and medical care, or for legal costs. ICBC says the average payout for pain and suffering for minor injuries was $16,500 in 2016. It will also increase injury benefits and allow certain claims to go through an independent dispute resolution process. Benefit increasesUnder the overall benefit cap increase from $150,000 to $300,000:Maximum wage loss benefits offered by ICBC will increase from $300 per week to $740. Eby says the government will be creating a definition for minor injuries, which will likely include sprains, aches and pains, mild whiplash, cuts and bruises, anxiety and stress.


Source: CBC News February 06, 2018 17:02 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */