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Insurance Corporation of British Columbia


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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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B.C. transportation ministry to use helicopter to clear Vancouver-area bridge cables of snow

December 19, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure announced on Friday that it will use a heavy-lift helicopter to clear cables on the Alex Fraser bridge of ice and snow. Over the past couple of weeks, chunks of ice were reported

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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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Crews in B.C. preparing bridges for safety in anticipation of second snowfall

December 8, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that

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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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Impact of June Ontario auto changes ‘will be something to see going forward:’ A.M. Best

November 13, 2016 Greg Meckbach, Associate Editor

It is too early to gauge the exact financial impact, on insurers, of Ontario auto changes that took effect this past June, and in the meantime, the mandated 15% rate reduction announced three years ago is still affecting loss ratios,

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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 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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ICBC warns drivers to watch motorcyclists ‘for clues’

May 13, 2016 by Canadian Underwriter

British Columbia’s government-run auto insurer is reminding motorcycle riders to ensure their helmets display proper labels and warning vehicle operators that motorcycle turn signals can be hard to see. If a motorcycle rider “shoulder checks or the motorcycle leans, the

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Supreme Court of Canada will not hear ICBC appeal over $863K award arising from fatal collision

April 15, 2016 by Greg Meckbach

Canada’s highest court will not hear an appeal from Insurance Corporation of British Columbia, which was ordered to indemnify the estate of a passenger who caused an accident by grabbing the steering wheel of a vehicle. The Supreme Court of