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Car driving through floodwaters
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Are you covered for driving through flood water?

June 5, 2023 by Jason Contant

British Columbia’s Civil Resolution Tribunal (CRT) has ruled in favour of the province’s public auto insurer after finding it properly classified a water-damaged vehicle under collision coverage. At issue was whether Insurance Corporation of British Columbia (ICBC) correctly determined water

David Wong is the new president and CEO of ICBC
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ICBC announces new president and CEO

May 1, 2023 by Jason Contant

Insurance Corporation of British Columbia’s (ICBC) board of directors has appointed David Wong as its new president and CEO, effective May 15. Wong, a chartered professional accountant, will join ICBC following years of experience at the province’s power utility, BC

Sea to Sky highway in B.C.
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EY clarifies report that rekindled public-private auto insurance debate

February 1, 2023 by Jason Contant

EY Canada has issued a clarification to a report it conducted that B.C.’s public auto insurer says show the province’s auto insurance rates are among the lowest in Canada. Commissioned by the Insurance Corporation of British Columbia (ICBC), EY conducted

Nicolas Jimenez, ICBC president and CEO
News AppointmentsInsurance

Chief executive to leave public insurer in February

January 18, 2023 by Jason Contant

Insurance Corporation of British Columbia (ICBC) president and CEO Nicolas Jiminez will be leaving his post on Feb. 3 to become president and CEO of BC Ferries, ICBC announced Tuesday. ICBC’s board of directors made the announcement in a press

Working out the financial results
News ClaimsEarnings / RatingsInsuranceMarkets / Coverages

Regulator green-lights auto insurer’s two-year rate freeze

January 11, 2023 by Jason Contant

British Columbia’s auto insurance regulatory body has approved a 0% rate change for basic auto insurance rates in the province for two years, the fifth year in a row of no rate increase. The British Columbia Utilities Commission approved the

A man pauses while digging out snow from under a car stuck on a street in the aftermath of a snowstorm, in Vancouver, B.C., Wednesday, Nov. 30, 2022. Delta Mayor George Harvie describes the response to heavy snowfall in the region last week as a "recent failure of provincial highway winter maintenance." THE CANADIAN PRESS/Darryl Dyck
News BrokersCatastrophesClaimsClimate ChangeInsurance

Why this insurer saw double the amount of auto claims. Could it happen again?

December 7, 2022 by Alyssa DiSabatino

A major snowfall in southern British Columbia last week led to a 94% increase in claims compared to the week prior, Insurance Corporation of British Columbia (ICBC) reported. And with more snow being forecast today, drivers should prepare for more

Gavel with an hourglass and antique books
News Insurance

Is the two-year limitation period set in stone?

July 21, 2022 by Jason Contant

A motor vehicle accident victim can proceed with her personal injury claims after British Columbia’s Civil Resolution Tribunal (CRT) found the provincial public auto insurer made an “explicit promise” not to be bound by the two-year limitation period to start

Bicycle lane in downtown Vancouver
News Insurance

Auto insurer changes policy on seeking costs from cyclists and pedestrians

May 5, 2022 by Jason Contant

Editor’s Note: This story has been updated to include information from ICBC.   The Insurance Corporation of British Columbia (ICBC) is changing its policy on when it seeks recovery for costs from cyclists and pedestrians who have some responsibility for

Credit card placed on laptop
News Insurance

Large brokerage reprimanded in credit card fraud case

February 14, 2022 by Jason Contant

The Insurance Council of British Columbia has reprimanded Westland Insurance Group Ltd. for failing to take appropriate action after becoming aware of a possible compromise of client information. Council executive director Janet Sinclair found that while Westland co-operated with agencies

News Insurance

Fairness officer role approved as ICBC launches enhanced care auto insurance

June 7, 2021 The Canadian Press

VICTORIA – The Insurance Corporation of British Columbia has created a new position aimed at ensuring the Crown-run auto insurer makes fair and transparent decisions related to its newly launched enhanced care plan. A statement from the Ministry of Public

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ICBC says COVID-19 rebate cheques delayed after cyberattack on third party

March 18, 2021 The Canadian Press

VANCOUVER – The Insurance Corporation of British Columbia says it’s temporarily delaying the delivery of COVID-19 rebate cheques due to a cyberattack on a third-party vendor contracted to provide printing and distribution services. ICBC says in a statement the vendor

News Insurance

Broker suspended for his role in “grey market” luxury vehicle sales

February 16, 2021 by David Gambrill

A B.C. broker has been fined $7,000 and had his licence suspended for a year for his role in a “grey market” scheme to circumvent a ban on selling new luxury cars directly to used vehicle dealerships. Anthony Bryan Chua