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B.C. directs ICBC to conduct review of insurance rates, approve Basic rate increase of no more than 4.9%

December 20, 2016 by Canadian Underwriter

The province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align

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ICBC identifies over 3,000 possible fraud alerts on open claims with new analytics software

December 9, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has discovered 3,300 possible fraud alerts on open claims over the last three years following a review with a new analytics tool. ICBC reported on Thursday that it has signed a five-year agreement

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B.C. government will no longer insure luxury cars to help eliminate pressures on basic insurance rates

November 24, 2016 by Canadian Underwriter

The government of British Columbia announced on Wednesday that it will no longer insure the high-end luxury car rate class – cars worth $150,000 and over – “so that the broader ratepayer is not subsidizing these cars.” The owners of

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ICBC helps launch pedestrian safety campaign as crashes “spike at this time of year”

October 18, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has launched a pedestrian safety campaign with the provincial government and police to urge pedestrians and drivers to stay safe as “crashes involving pedestrians spike at this time of year.” On average, 59

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ICBC must cover claimant injured while riding ATV down ramp of pickup truck: Court

September 1, 2016 by Canadian Underwriter

A British Columbia court recently ruled against the province’s government-run auto insurer when it found that a man who suffered a spinal injury while moving his all-terrain vehicle from his pickup truck is entitled to accident benefits. Section 96(b)(i) of

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ICBC, police and government join forces for month-long distracted driving campaign

September 1, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC), provincial police and the B.C. government are teaming up to launch a month-long campaign to tackle distracted driving, which is responsible for approximately one-quarter of all fatal crashes in the province. ICBC said

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ICBC asks for 4.9% increase to basic insurance rates, lower than last year’s 5.5% increase

August 26, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) announced on Thursday that it will submit its 2016 basic rate application to the British Columbia Utilities Commission, asking for a 4.9% increase to basic insurance rates – lower than last year’s 5.5%

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2011 Vancouver Stanley Cup rioters found jointly liable for auto damage

June 23, 2016 by Canadian Underwriter

A British Columbia court recently found several individuals jointly liable for damages caused to vehicles, insured by Insurance Corporation of B.C., during riots in Vancouver in June, 2011, but the court declined to award punitive damages. On June 15, 2011,

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Court rules against ICBC in disability benefits dispute

May 24, 2016 by Canadian Underwriter

The British Columbia Court of Appeal recently ruled against the province’s government-run auto insurer when it upheld a lower court decision awarding disability payments after the 104-week period covered by the regulation covering auto accident benefits, essentially finding that a

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Higher fines for distracted driving to take effect in B.C. in June

May 9, 2016 by Canadian Underwriter

The government of British Columbia has announced new financial penalties for distracted driving effective June 1. The new penalties will be calculated using the base fine of $368 combined with escalating Insurance Company of British Columbia (ICBC) driver penalty point

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Partnership in road improvement projects leads to 24% reduction in severe crashes: ICBC

April 20, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia’s (ICBC) partnership in road improvement projects has led to a 24% reduction, on average, in severe crashes – those resulting in serious injuries and fatalities – and a 15% reduction in property damage only

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Barry Penner named new chair of ICBC’s Board of Directors

March 23, 2016 by Canadian Underwriter

Barry Penner, QC brings his legal skills and considerable experience with the Government of British Columbia – including as the province’ longest-serving environment minister – to his new duties as chair of the Insurance Corporation of B.C.’s (ICBC) Board of