The Supreme Court of Canada won’t appeal Alberta’s auto-insurance legislation, a move that the province’s finance minister is supporting.
Current legislation caps soft-tissue injury claims at a maximum of $4,500.
A previous ruling was overturned in June, which reinstated the cap and forced insurers to reduce rates by five per cent.
Finance Minister Iris Evans said Thursday the decision “recognizes government’s legitimate concern with the affordability of insurance, the potential increase of uninsured drivers and the need to ensure accessibility to treatment.”
The Supreme Court’s refusal to appeal ensures auto insurance remains affordable and accessible for Albertans, Evans said.