Keyword
ICBC
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…
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…