Let them know this is not okay!
What is being proposed? The Ontario government is planning on lowering the interest rate that insurance companies have to pay on your pain and suffering.
How will this affect me? The proposal will have a huge impact on accident victims. The current interest rates encourage insurers to settle cases in a timely manner. If insurers don’t feel the need to move quickly they will drag the process out. This means that they get to bank the money and accident victims have to wait even longer for their compensation.
Act now – Don’t let this happen!
STEP ONE – Copy Our Template Letter
As a citizen in your riding, I am writing to express my concerns with the proposed changes to lower prejudgment interest rates on general damages in motor vehicle accident claims. It is my belief that lowering the interest rate will be a gift to insurance companies at the expense of innocent, injured accident victims.
Prejudgment interest rates currently provide incentive for insurers to settle in a timely manner. With the interest rates lowered, there will be little incentive to deal quickly with claims for pain and suffering. Instead, they will bank the money for as long as possible, and leave injured accident victims without the resources they need to recover. Ultimately, this change would let insurance companies delay justice to innocent accident victims in order to fuel further profit.
As one of your constituents, it is my suggestion that you adopt a firm position against lowering the prejudgment interest rates on general damages in motor vehicle accident claims, and that you make a responsible decision as to whether the proposed changes are in the interest of the citizenry or in the interest of big corporations.
Thank you for your time and consideration.
STEP TWO – Find Your MPP Below
Personalize your email and add in your MPP for your area.
STEP THREE – Sign your name and send it off!