Asked and Answered: ICBC introduces distance-based discount, building on calls for more usage-based options
Vancouver, British Columbia — ICBC announced Thursday that it will begin offering customers a distance-based discount for those who travel less than 10,000 kilometres per year. British Columbia’s crown insurer claims this new offer will allow eligible customers to save between ten and 15 percent on the annual renewal of their optional coverage. Customers may […]
Unhappy Accidents: ICBC Adjuster error costs Port Alberni family thousands in lost income and deductibles
Port Alberni, British Columbia — A Port Alberni, B.C. family says they are out thousands of dollars after their truck was hit by a stolen vehicle, causing them to be unable to operate their business while owing $1,000 in deductibles to ICBC. While travelling home to Port Alberni from Nanaimo with their children, the couple’s […]
Cleared of Charges: Battery ruled out as cause of May Tesla fire in North Vancouver
Vancouver, British Columbia — North Vancouver residents, Tesla critics or fans of fire in general may recall an incident in May where a Tesla Model Y burst into an uncontrollable blaze and prompted a Transport Canada investigation—well, EV advocates can exhale as battery failure has been ruled out as a cause. Jamil Jutha was driving […]
Honourable Mentions: CA-CA, WAR, ZOOOOM on ICBC’s 2022 rejected plates list
Vancouver, British Columbia — The Insurance Corporation of British Columbia (ICBC) has bad news for some vanity plate applicants, announcing that the corporation had rejected 3,135 plates for failing to meet guidelines. Standout rejects include U2SLOW, HELL NO, BLURRR, HONDA, 2FAST4U, ALPHA, 0H BOY and ZOOOOM. According to ICBC, slogans are rejected if they don’t […]
Fee Freeze: ICBC approved for two-year rate freeze, utilities commission review to follow
Vancouver, British Columbia — Ask and you shall receive—if you happen to be ICBC, that is—as British Columbia’s crown insurer has been approved for a two-year freeze in auto insurance rates, amid rising inflation among drivers. The British Columbia Utilities Corporation (BCUC) confirmed last Tuesday that ICBC and its basic policyholders will see their insurance […]
Holding Steady: ICBC files to freeze basic insurance rates for next two years
Vancouver, British Columbia — The Insurance Corporation of British Columbia has filed an application with the British Columbia Utilities Commission (BCUC) for no increase to basic insurance rates for the next two years. “Holding firm on ICBC’s basic insurance rate for two more years will help millions of drivers with their monthly bills amid global […]
Expensive Living: Alberta faces highest auto insurance rates of any province, says ICBC report
Calgary, Alberta — Albertans are paying the highest auto insurance rates in Canada, according to a Insurance Corporation of British Columbia (ICBC) report released Dec. 8. According to the original report from the ICBC website, data was compiled from automotive insurance rates starting from Sept. 1, across nine provinces. Out of 27 customer profiles varying […]
Winter, All at Once: ICBC reports 94 percent spike in claims as west coast gets first major snowfall
Vancouver, British Columbia — Canada’s west coast is feeling the effects of its first major snowfall in not just its collective chilly toes, but in a 94 percent spike in collision claims recorded from Nov. 22 to this past Tuesday, according to a press release from ICBC. From the period of Nov. 22 to Nov. […]
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” […]
Nickel and Dime: IBC criticizes ICBC for lowering payouts despite more accidents occurring
Victoria, British Columbia — A report by the Insurance Bureau of Canada (IBC) alleges that injury claims paid out by Insurance Corporation of British Columbia (ICBC) are falling more than in previous years, despite a trending increase in the number of accidents. ICBC has rebuked this claim as misinformation, with IBC saying that these claims […]
