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Cash for the Furnace: Insurance bureau says ICBC on track to lose $298 million this year

Vancouver, British Columbia — The Insurance Bureau of Canada (IBC) reported Friday that British Columbia’s crown insurance company is on track to record a financial loss of $298 million for this year. Vice president of IBC’s western and Pacific regions, Aaron Sutherland, called this update from the Insurance Corporation of British Columbia (ICBC) “incredibly disappointing” […]

The Price of Pedaling: ICBC will no longer charge injured cyclists for repairs

Vancouver, British Columbia — Following a wave of public condemnation after a Vancouver-area cyclist was struck by a vehicle running a red light and asked to pay for its repairs, ICBC has announced major changes to the way claims for passive road users are managed. The Insurance Corporation of British Columbia will no longer require […]

Faultless Future: ICBC to roll out no-fault platform this weekend

Victoria, British Columbia — The Insurance Corporation of British Columbia (ICBC) is gearing up for the launch of its hotly debated no-fault claims platform on Saturday, following months of criticism from the province’s legal community. The platform, which ICBC expects will save drivers as much as $400 per year, is seen by those within the […]

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