Keyword
ICBC
This insurer is allowing some COVID-19 support measures to expire
August 10, 2020 by Jason ContantThe Insurance Corporation of British Columbia (ICBC) announced Friday that three of the temporary measures it introduced in response to the COVID-19 pandemic are set to expire in the coming weeks. The B.C. Utilities Commission had approved ICBC implementing the…
Claimant learns the difference between “hit-and-run” and collision damage
July 28, 2020 by David GambrillA driver in B.C. is out $1,777 for incorrectly telling the public auto insurer that damage to his parked vehicle was the result of a “hit-and-run,” as opposed to collision damage. Jiameng Wang took Insurance Corporation of British Columbia (ICBC)…
How this motorist missed out on his senior’s discount
June 24, 2020 by Greg MeckbachWhen a British Columbia motorist turned 65 in 2017, he did not immediately get the senior rate class discount, so he tried to sue the public auto insurer for a refund. But the province’s Civil Resolution Tribunal ruled in favour…
How brokers in B.C. are handling fraud and auto insurance during COVID-19
April 23, 2020 by Jason ContantBrokers in British Columbia are temporarily allowed to conduct insurance transactions such as vehicle insurance renewals by phone and email during the novel coronavirus (COVID-19) pandemic. Measures are also being put in place to verify the identity of the customer…
One way ICBC will reduce legal costs
February 26, 2020 by Jason ContantThe government of British Columbia has introduced legislative amendments in an effort to reduce costs and speed up motor vehicle claims in the current auto insurance system. The proposed amendments will limit the number of experts and expert reports that…
The story behind ICBC’s bold change to auto insurance
February 12, 2020 by Jason ContantWhy did the Insurance Corporation of B.C. (ICBC) decide to move towards a no-fault style model for auto insurance? “I heard rumours for months that they were going to introduce a no-fault product,” consultant Willie Handler, principal at Willie Handler…
The potential downside for brokers of ICBC’s new care-based model
February 10, 2020 by Jason ContantThe government of British Columbia’s recent announcement that it will be removing lawyers and legal costs from the system to reduce insurance premiums by about 20% and increase care benefits has been met with approval from the provincial brokers association.…
What brokers and trial lawyers think about ICBC’s new care-based model
February 7, 2020 by Jason ContantThe government of British Columbia has announced it will be “removing lawyers and legal costs from the system” to lower public auto insurance rates by about 20%, a move applauded by the province’s brokers association but panned by trial lawyers.…
Selling your motorhome? Better fix up that cracked windshield first
January 28, 2020 by David GambrillSelling your motorhome? Your insurance claim for a new windshield does not transfer over to the new owner of the motorhome, the B.C. Civil Resolution Tribunal confirmed recently. The tribunal thus rejected a claim that the province’s public insurer, Insurance…
Three-year ban for broker convicted of misappropriating more than $16,000
January 27, 2020 by David GambrillThe former branch office manager of a B.C. brokerage has been banned from being a broker for a minimum of three years after she was convicted for misappropriating more than $16,000 of Insurance Corporation of B.C. (ICBC) funds for personal…
Why an insurer has to pay brake repair costs under this optional policy
December 2, 2019 by Jason ContantIs the cost to repair vehicle brakes covered by an optional Autoplan policy in British Columbia? Yes, if the fact situation is similar to a small claims dispute recently heard by the province’s Civil Resolution Tribunal. In Driedger v. ICBC,…
Intact’s take on the impact of no-fault auto insurance
November 11, 2019 by Greg MeckbachNo-fault insurance is not a silver bullet that is going to solve the auto liability problem, but it can be helpful to insurers, provided that the coverage is not too generous, suggests the head of Canada’s largest property and casualty…