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News InsuranceMarkets / Coverages

ICBC to remodel system to reward low-risk drivers

March 6, 2018 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Major shifts in direction are being considered to ensure good drivers in British Columbia receive lower insurance rates, says the minister responsible for the province’s public auto insurer. David Eby said the government introduced an online survey Monday

News ClaimsInsuranceMarkets / Coverages

How ICBC can cut auto injury claims costs by more than $20 million

February 20, 2018 by Greg Meckbach

British Columbia’s government monopoly auto insurer could save up to $27 million a year on claims costs and reduce the risk of legal disputes by taking on a “larger role” in designing plans to treat auto collision injuries, PriceWaterhouse Coopers

News ClaimsInsuranceMarkets / Coverages

Look for ICBC to ‘behave more like a private sector company’: IBC

February 9, 2018 by Greg Meckbach

With its cap on minor injury awards announced Tuesday, British Columbia’s government monopoly auto insurer is moving towards a model used by other provinces that have private auto insurance systems, Insurance Bureau of Canada says. Awards for pain and suffering

News ClaimsInsurance

B.C. to introduce auto insurance pay out limits next year

February 6, 2018 The Canadian Press

VICTORIA – The British Columbia government will implement a $5,500 cap on pain and suffering for pay-outs to vehicle accident victims in a move to save $1 billion a year for the province’s public auto insurer. Attorney General David Eby

News ClaimsInsuranceLegalMarkets / Coverages

Cap on minor injury auto awards could be coming to B.C.

February 1, 2018 by Greg Meckbach

British Columbia’s government is considering caps on awards, in auto insurance personal injury lawsuits, for pain and suffering for minor injuries, the province’s attorney general told Canadian Underwriter Tuesday. With a cap on minor injury claims, Insurance Corporation of B.C.

News InsuranceLegalMarkets / Coverages

One-year suspension for broker who involved unlicensed spouse in renewals

January 11, 2018 by Jason Contant

B.C. broker Elliott Herrera had his license suspended for a year after the provincial regulator found that he had his unlicensed spouse assist him with insurance activities. Once his spouse had obtained an insurance licence, Herrera then provided client information

News InsuranceLegalMarkets / Coverages

Unidentified car claim: Court seeks ‘science’ in expert report

December 18, 2017 by Canadian Underwriter

The Supreme Court of British Columbia has tossed out the report of a forensic engineer, which supported the public insurer’s position in an unidentified car case, saying the report relied too heavily on expert opinion and not enough on “science.”

News InsuranceMarkets / Coverages

A researcher’s take on ICBC’s low customer satisfaction scores

December 1, 2017 Greg Meckbach, Associate Editor

British Columbia’s monopoly auto insurer has little incentive to improve customer satisfaction, and an opposition party member is slamming the ruling New Democratic Party for not implementing recommendations made in July immediately after taking power. Insurance Corporation of British Columbia

News AssociationsInsuranceMarkets / Coverages

Provincial brokers urge “deep” review of government insurer

November 29, 2017 Greg Meckbach, Associate Editor

Insurance Brokers Association of B.C. (IBABC) and a provincial cabinet minister are calling for major changes to British Columbia’s money-losing government monopoly auto insurer. But it’s been four months since the release of a consultant’s report containing specific options and

News InsuranceLegalMarkets / CoveragesTechnology

B.C. to designate distracted driving as high-risk behavior under ICBC’s Driver Risk Premium program

November 6, 2017 by Canadian Underwriter

The Government of British Columbia’s Ministry of Attorney General announced on Monday that it will work to designate distracted driving as a high-risk driving behaviour under the Insurance Corporation of British Columbia’s (ICBC) Driver Risk Premium program. This means a

News InsuranceMarkets / Coverages

Almost half of B.C. drivers using winter tires this year: ICBC survey

October 31, 2017 by Canadian Underwriter

Nearly half (48%) of polled drivers in British Columbia “plan to or already have put winter tires on their vehicle in anticipation of another heavy winter this year,” the Insurance Corporation of British Columbia (ICBC) reported on Monday. The survey

News InsuranceMarkets / Coverages

ICBC, government and police launch pedestrian safety campaign

October 11, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC), provincial government and police launched a pedestrian safety campaign on Wednesday. “Alarmingly, a disproportionate number of pedestrian-related crashes and injuries happen in just four months of the year – 43 per cent of