Investor Presentaiton
PRE-CAP INSURANCE SYSTEM
While monetary compensation fails to reverse the effects of an accident, it can play a significant
role in compensating individuals for the impact the accident has had on their life and
recognizing the harm that has been suffered through the fault of wrongdoers.
In 1978, the Supreme Court of Canada imposed a rough upper monetary limit of $100,000 for
non-pecuniary damages. Adjusted for inflation, the current limit of non-pecuniary damages is
around $380,000, and such damages are reserved for the most catastrophic of injuries.
Prior to 2004, Alberta courts determined compensation for pain and suffering based on
precedent and factors such as, but not limited to, the nature of the injury, the severity and
duration of the injury, and the degree of impairment in daily activities.
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