Keyword
ICBC
B.C. opposition calls for competition in auto insurance
October 7, 2019 by Greg MeckbachBritish Columbia’s Liberal Party, ousted from power in the 2017 election, is calling for an end to the monopoly that a Crown corporation has had on auto insurance since the 1970s. “The B.C. Liberal Caucus believes introducing market competition will…
Why this motorist is not entitled to compensation for towing damage claim
October 1, 2019 by Greg MeckbachA motorist seeking nearly $4,000 for a vehicle that was allegedly damaged while being towed cannot recover the money from either the Insurance Corporation of British Columbia or BCAA Insurance Corporation, the province’s civil resolution tribunal has ruled. In October,…
This auto rating factor could give brokers a headache
September 26, 2019 by Greg MeckbachBritish Columbia’s auto insurer has one rating factor that makes sense from an underwriting point of view, but could be onerous for brokers, an insurance defence lawyer suggests. The Insurance Corporation of British Columbia requires motorists in the province to…
Did the other driver admit fault? Get it in writing.
September 26, 2019 by Jason ContantB.C.’s small claims court found no fault with the way the Insurance Corporation of British Columbia (ICBC) assessed liability for a motor vehicle accident, despite a complaint that the insurer did not follow up on an admission of guilt by…
Insurer wins dispute over stolen vehicle claim
September 19, 2019 by Jason ContantThe Insurance Corporation of British Columbia (ICBC) was justified in denying an insured’s claim for making a wilfully false statement in connection with a stolen vehicle, the province’s Civil Resolution Tribunal (CRT) has ruled. ICBC determined the stolen vehicle was…
Insurance available for ride hailing July 16 in B.C.
July 9, 2019 Dirk Meissner - THE CANADIAN PRESSVICTORIA – The journey to bring ride-hailing to British Columbia came closer to a destination Monday as the provincial government announced it will start accepting applications in September for companies to enter the market. Safety, insurance and penalty rules and…
How this auto client got bus-ted
June 7, 2019 by Greg MeckbachA 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…
In defence of public insurance
January 7, 2019 by Jason ContantBritish 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…
Public auto insurer seeks 6.3% rate increase
December 17, 2018 by Greg MeckbachThe 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…
Insurer receives 3,000 vehicle damage claims after two sulphuric acid spills
September 16, 2018 by Jason ContantThe 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…
If your clients re-did their driving tests, would they pass?
August 15, 2018 by Jason ContantIf 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…
Should Canada reconsider how it finances wildfire suppression?
August 13, 2018 by Jason ContantAs 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…