Blog

Media Commentary on New Basic Rate Design. August 28, 2018.

Some of the key media reporting and comments on the changes to the Basic rate design announced on August 9, 2018.

Read More →

Government Considering Capping Certain Pain and Suffering Claims. December 3, 2017.

On 30 November 2017, Rob Shaw of the Vancouver Sun reported that the government is actively considering a cap on claims for pain and suffering awards for minor soft tissue injuries; http://vancouversun.com/news/politics/government-considers-cap-on-minor-injury-claims-to-fix-icbc-finances The cap would be a key part of a strategy to prevent the massive losses forecast for the compulsory Basic insurance program as discussed in http://www.bcpolicyperspectives.com/media/attachments/view/doc/commentary_icbc_s_28_nov_2017_basic_forecast_29_nov_2017/pdf

Read More →

Government Hikes Basic Rates 6.4% and Optional 9.6%; Multi-Year Plan to Restore ICBC's Finances. September 5, 2017.

Attorney General David Eby unveiled the 2017 Basic and Optional rate increases, and outlined a multi-year plan to restore ICBC's finances, with regular reports on progress; http://vancouversun.com/news/local-news/attorney-general-to-announce-changes-to-insurance-corp-of-b-c and http://www.cbc.ca/news/canada/british-columbia/icbc-rate-increases-eby-1.4275970 and http://www.timescolonist.com/news/local/icbc-rates-to-rise-6-4-per-cent-typical-motorist-to-pay-57-more-1.22443523

Read More →

Premier Clark Wants 4.9% Rate Increase for 2016. 22 November 2016.

News 1130 story says Premier Clark fighting for affordable auto insurance rates.

Read More →