Investor Presentaiton
WHAT
INSURANCE
COMPANIES
INTEND TO
ACCOMPLISH
■ While the insurance industry lobbies the government
to expand the regulations surrounding the cap on
minor injuries, they are simultaneously pressuring the
government to scrap the regulations that impose a cap
on insurance premium increases. Their efforts to
increase regulation on the one hand while insisting on
deregulation on the other cannot be reconciled.
As it was in 2002, the insurance industry's primary
interest has been financial. Ultimately, it appears the
insurance companies want to increase their profits
even if it is at the expense of injured Albertans.
Similar to the experience of 2002, the insurance
industry is relying on many of the same arguments in
terms of their financial well being in order to justify
reforms that will benefit their well-being at the cost of
injured Albertans.
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