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How this auto client got bus-ted

June 7, 2019 by Greg Meckbach

A British Columbia motorist whose sharp right turn made a bus brake suddenly has lost his dispute with the Insurance Corporation of B.C. Wen Sheng Li was involved in an accident in Vancouver on June 1, 2018. ICBC found him

News Insurance

In defence of public insurance

January 7, 2019 by Jason Contant

British Columbia’s public auto insurer is challenging the view that opening up the market to competition will create efficiencies and better accident benefits. The Insurance Corporation of British Columbia (ICBC) was responding to comments from the Canadian Federation of Independent

News InsuranceLegislation / Regulation

Public auto insurer seeks 6.3% rate increase

December 17, 2018 by Greg Meckbach

The Insurance Corporation of British Columbia said Friday it is seeking to raise rates by 6.3%, a move that prompted the Insurance Bureau of Canada to reiterate its call for competition in the province. Unlike in most Canadian provinces, B.C.’s

News ClaimsInsurance

Insurer receives 3,000 vehicle damage claims after two sulphuric acid spills

September 16, 2018 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) has received more than 3,000 claims from two sulphuric acid spills in April and May, the public insurer said Wednesday. The Canadian Press reported mining company Teck Resources as saying two spills of

News Insurance

If your clients re-did their driving tests, would they pass?

August 15, 2018 by Jason Contant

If British Columbians had to take their driving test over again, it’s likely that about 40% of them would fail, according to recently released results from the more than 83,000 people that completed the province’s public auto insurer’s Drive Smart

News Markets / Coverages

Should Canada reconsider how it finances wildfire suppression?

August 13, 2018 by Jason Contant

As hundreds of wildfires burn across British Columbia, one disaster mitigation expert is recommending that Canada reconsiders how it finances fire suppression costs. Last year, B.C. alone paid out more than $560 million in fire suppression costs, and it is

News InsuranceMarkets / Coverages

What private insurers think of changes to B.C. auto insurance model

August 13, 2018 by Jason Contant

Canada’s private auto, home and business insurers say the “fair rate” auto insurance model proposed by British Columbia’s public auto insurer last week is “long overdue.” Under the Insurance Corporation of B.C. (ICBC)’s proposed new auto insurance model, higher-risk drivers

News BrokersInsurance

What B.C. brokers think of proposed changes to public insurance model

August 12, 2018 by Jason Contant

When the Insurance Corporation of British Columbia (ICBC) begins rolling out recently announced changes to its auto insurance rating model, brokers will be on the front lines explaining the changes to clients. And brokers say they need to know more

News InsuranceLegislation / Regulation

Public insurer proposes major shake-up to auto insurance rating model

August 9, 2018 by David Gambrill

The Insurance Corporation of B.C. is proposing a significant shake-up of its auto insurance rating system, introducing a “fair rate” system that would have higher-risk drivers paying higher premiums than lower-risk drivers. “We want to make Basic insurance premiums more

News InsuranceLegalRisk

Court balks at auto injury medical expert witness fee

August 3, 2018 by Greg Meckbach

When a motorist gets sued by an accident victim, should the defendant be ordered to pay $5,000 to reimburse the plaintiff for half a day’s court testimony from a plaintiff’s doctor? A British Columbia court official says no. Gary Senner

News InsuranceLegislation / RegulationTechnology

Controversy swirls around province’s plan for ridesharing insurance

July 24, 2018 by Jason Contant

B.C.’s provincial government will introduce legislation to enable ridesharing in the province by fall of 2019, prompting the industry’s private insurers to say they can provide ridesharing insurance faster and better than the province’s public insurer. B.C.’s Ministry of Transportation

News ClaimsInsurance

Where provincial drivers crashed an average of 960 times a day

July 22, 2018 by Jason Contant

Vehicle crashes in British Columbia hit an all-time high of 350,000 in 2017, the province’s public insurer reported this week. This equates to about 960 crashes a day – a 25% increase from 2014. “That means one out of 10