Keyword
ICBC
Broker suspended for his role in “grey market” luxury vehicle sales
February 16, 2021 by David GambrillA 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…
B.C. drivers to receive COVID-19 insurance rebate cheques averaging $190 next month
February 3, 2021 Dirk Meissner - THE CANADIAN PRESSVICTORIA – Almost three million drivers in British Columbia will receive COVID-19 insurance rebate cheques next month that average about $190 each, Premier John Horgan said Tuesday. The Insurance Corporation of British Columbia will return $600 million in net savings…
How B.C. is changing the way vehicle repair and replacement costs are paid
January 27, 2021 by Jason ContantBritish Columbia is changing the way vehicle repair and replacement costs are paid in a move the province’s public auto insurer says will ensure all policyholders receive a consistent level of vehicle damage protection when they are not responsible for…
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…