The ICBC Crisis Explained — Part 1: The public and the private
Collision Repair magazine’s coverage of the crisis facing the Insurance Company of British Columbia, a public insurer with a near monopoly in the province, has received considerable attention from readers around the country. One of the most frequent requests made to our editorial team over the course of the crisis has been for us to […]
IBC applauds B.C.’s move to curb rising auto insurance costs and calls for competition to reduce rates
By CRM Staff Vancouver, B.C. — February 7, 2018 — The new NDP government in B.C. has come out in support of an Insurance Bureau of Canada (IBC) report on resolving the province’s insurance crisis by opening up the door for private insurers to compete. The government has said it will move towards a […]
Privatize or Pay: The Insurance Bureau of Canada calls for privatization in B.C.
By Gideon Scanlon Vancouver, British Columbia — February 1, 2018 — In response to news that B.C.’s public auto insurer ended 2017 with a $1.3 billion loss, the Insurance Bureau of Canada (IBC) has released a report calling for more privatization in the B.C. auto insurance business – effectively calling for an end to […]
