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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

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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

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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

News InsuranceLegalMarkets / CoveragesTechnology

ICBC issues warning on text message scam

September 29, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) is warning customers to delete any text messages purporting to be sent from the insurer, after “a number” of customers reported to have received these texts over the last 24 hours. ICBC reported

News InsuranceLegalMergers and Aqcuisitions

Distracted driving results in more deaths in B.C. than impaired driving: ICBC

September 6, 2017 by Canadian Underwriter

Distracted driving continues to claim more lives on roads in British Columbia than impaired driving, the Insurance Corporation of British Columbia (ICBC) said in a press release on Wednesday. Despite tougher penalties, more police enforcement and continued public education, on

News ClaimsInsuranceMergers and AqcuisitionsTechnology

“Drastic action” needed to address ICBC ails, remedy hefty rate hikes

September 6, 2017 by Canadian Underwriter

The British Columbia government has taken the reins to protect drivers and address mounting financial concerns at the Insurance Corporation of B.C. (ICBC), including by limiting rate increases that threatened to reach double-digits. “Drastic action is needed to fix ICBC’s

News Earnings / RatingsInsuranceLegalLegislation / Regulation

B.C. attorney general extends ICBC’s rate filing deadline by two weeks

August 31, 2017 by Canadian Underwriter

British Columbia’s attorney general announced on Thursday that he has extended by two weeks the rate filing deadline for the Insurance Corporation of British Columbia (ICBC). Attorney General and the minister responsible for ICBC, David Eby, said in a statement

News InsuranceLegislation / RegulationMarkets / Coverages

Making ICBC a co-op one option for B.C., competition must be part of any option selected: taxpayers federation

August 25, 2017 by Canadian Underwriter

The British Columbia government has options at its disposal to address auto insurance problems in the province – ranging from leaving the Insurance Corporation of B.C. (ICBC) to shuttering the insurer – but all should include reintroduction of competition, concludes a new report commissioned by the Canadian Taxpayers Federation (CTF). CTF argues that “fast and furious changes” are needed in light of the “looming 30% hike to car insurance,” a figure noted in an Ernst & Young LLP (E&Y) report made public last month. Among its many observations, the…