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Todd STone
IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue
July 10, 2017 by Canadian UnderwriterAs British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and…
ICBC examines anti-distracted driving technology
April 6, 2017 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has posted a Request for Information (RFI) on BC Bid for market research and technology aimed at reducing distracted driving. The posting of the RFI, as part of ICBC and the government of…
Ridesharing anticipated in B.C. by “end of 2017,” province unveils measures to help taxi industry modernize
March 8, 2017 by Canadian UnderwriterThe government of British Columbia announced on Tuesday a series of improvements for the taxi industry in anticipation of “ride-sharing services coming to British Columbia by the holiday season at the end of 2017,” including improving certain insurance products, potentially…
ICBC board finalizes terms of reference for independent review of insurance rates
January 26, 2017 by Canadian UnderwriterThe Insurance Corporation of British Columbia’s (ICBC) Board of Directors (BoD) has finalized the terms of reference for an independent review of the fairness and affordability of basic insurance rates in the province, with the idea being to limit future…
B.C. directs ICBC to conduct review of insurance rates, approve Basic rate increase of no more than 4.9%
December 20, 2016 by Canadian UnderwriterThe province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align…
ICBC identifies over 3,000 possible fraud alerts on open claims with new analytics software
December 9, 2016 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has discovered 3,300 possible fraud alerts on open claims over the last three years following a review with a new analytics tool. ICBC reported on Thursday that it has signed a five-year agreement…
Crews in B.C. preparing bridges for safety in anticipation of second snowfall
December 8, 2016 by Canadian UnderwriterBritish Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that…
B.C. government will no longer insure luxury cars to help eliminate pressures on basic insurance rates
November 24, 2016 by Canadian UnderwriterThe government of British Columbia announced on Wednesday that it will no longer insure the high-end luxury car rate class – cars worth $150,000 and over – “so that the broader ratepayer is not subsidizing these cars.” The owners of…
Construction crews continue work on repairing flood-damaged roads in northern B.C.
June 21, 2016 by Canadian UnderwriterConstruction crews and heavy equipment operators continue to work day and night to rebuild sections of highways and roads that were severely damaged by massive flooding in northern British Columbia last week. B.C. Minister of Transportation and Infrastructure Todd Stone…