Articles

ICBC Capital Depletion and Claims Backlog. April 9, 2017.

This paper reviews the last four years capital depletion and the growth in the claims backlog at ICBC.

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ICBC Gets Tough on Bad Drivers, and Tougher on Good Drivers. March 5, 2017

ICBC announced a toughing of its Basic insurance discounts for 2018, which will result in higher insurance for at-fault drivers; good drivers will be big losers.

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New Government Must Fix ICBC's Finances Soon. March 30, 2017.

A detailed review of ICBC's three-year forecast shows alarming loss of capital; immediate and longer-term initiatives are suggested to restore ICBC's finances to a healthy condition. 

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ICBC's Worsening Finances Require Government Action. March 24, 2017.

The new provincial government must make the restoration of ICBC's financial health a priority, as capital reserves are now below the regulatory minimums,and rake shock looms.

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Cold and Snowy Winter Helps BC Hydro - Hammers ICBC. March 19, 2017.

A review of the financial impacts of the cold and snowy winter on the finances of BC Hydro and ICBC.

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ICBC Basic Claims Costs 2012 to 2015. 12 December 2016.

This Occasional Paper (No. 18) reviews ICBC claims data from 2012 to 2015 to attempt to identify cost drivers. The outlook for the medium term is as discussed.

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Thoughts on Recent ICBC Events. 27 November 2016.

My thoughts and comments on recent events concerning ICBC's rates and financial condition.

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Rate Suppression and Capital Destruction: ICBC Rate Shock Lurking. 17 November 2016.

This paper describes how the government's rate suppression policy has used ICBC's capital reserves to subsidize lower than required Basic program rates. In essence, the government is using policyholders' savings to keep the required rate increases from becoming an issue of public concern. Soon the capital reserve will be at minimum levels, and policyholders will be faced with the deferred bill.

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The Implications of ICBCs 2016 Rate Changes on Its Capital Reserves 31 August 2016

Possible negative implications of ICBCs 2016 rate changes on its Basic and Optional capital reserves. 31 August 2016.

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Government Financial Benefit from ICBC 30 March 2016

A short survey of the financial benefits the goverment receives from ICBC. 30 March 2016.

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