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News InsuranceLegislation / Regulation

What road tests and bookings may look like during the pandemic

July 23, 2020 by David Gambrill

B.C.’s public insurer is starting to re-book road tests that were interrupted by the pandemic, prioritizing drivers whose Class 5 and 7 road tests were cancelled between Mar. 17 and June 26, 2020. The insurer is reaching out to Class

News InsuranceLegal

How this motorist missed out on his senior’s discount

June 24, 2020 by Greg Meckbach

When a British Columbia motorist turned 65 in 2017, he did not immediately get the senior rate class discount, so he tried to sue the public auto insurer for a refund. But the province’s Civil Resolution Tribunal ruled in favour

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Intact’s take on the impact of no-fault auto insurance

November 11, 2019 by Greg Meckbach

No-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

News Insurance

B.C. opposition calls for competition in auto insurance

October 7, 2019 by Greg Meckbach

British 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

News ClaimsLegal

Why this motorist is not entitled to compensation for towing damage claim

October 1, 2019 by Greg Meckbach

A 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,

News InsuranceLegislation / RegulationProducts

This auto rating factor could give brokers a headache

September 26, 2019 by Greg Meckbach

British 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

News Insurance

Insurance available for ride hailing July 16 in B.C.

July 9, 2019 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – 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

News ClaimsInsurance

How this auto client got bus-ted

June 7, 2019 by Greg Meckbach

A 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

News InsuranceLegislation / Regulation

Pressure builds to end auto insurance monopoly

May 28, 2019 by Adam Malik

Calls to end a provincial stranglehold on auto insurance are growing as business groups, municipalities and the Insurance Bureau of Canada (IBC) have taken up the cause. ICBC, on the other hand, is saying the high claims costs the public

News Earnings / RatingsInsurance

Public insurer’s six-month loss over $500 million

November 26, 2018 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) has posted a net loss of $582 million for the first six months of the current fiscal year. It’s also projecting a year-end financial loss of $890 million for 2018/19. This significant loss

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Political battle over public v. private ride-sharing insurance in B.C.

November 21, 2018 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) is prepared to offer a blanket, usage-based insurance product, likely by next fall, if proposed legislation on ride-hailing passes before Christmas, as anticipated by the Premier, according to published reports. However, the leader

News InsuranceLegislation / Regulation

How this public insurer plans to save $1 billion a year

November 13, 2018 by Jason Contant

Changes to accident benefits regulations will result in projected net savings of $1 billion annually, British Columbia’s Ministry of Attorney General said Friday. Changes to Insurance Corporation of British Columbia’s (ICBC) accident benefits will cost an estimated $200 million annually.