ICBC Debt

• 2020 budget projects ICBC finally out of deficit

  For the first time in years, the B.C. government is projecting that the province's beleaguered public insurer will be in the black.

  Feb 18, 2020
  
• Fraser Institute suggests ICBC charges more to young drivers to cover financial loss

  A new Fraser Institute report argues there are many areas where ICBC could make policy changes to address growing losses at the public insurer.

  Politics

  Nov 15, 2018
  
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• Auditor General considers bumping up timeline for review of ICBC capital reserves

  ICBC was $1.3 billion in the red for the last financial year.

  Politics

  Feb 13, 2018
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• B.C. government to bring in caps on pain and suffering ICBC payouts

  Part of the challenge for ICBC is that the average claim for minor injuries has gone up from $8,220 in 2012 to $30,038 in 2016.

  Feb 6, 2018
• ICBC chair: ‘Good drivers should pay less and bad drivers should pay a heck of a lot more’

  “Changes to the way rates are designed and determined have been made all throughout the rest of North America once again and not here.”

  Politics

  Jan 30, 2018
• ICBC seeks 6.4% basic rate increase after losing $500M last year

  Minister responsible for ICBC David Eby said ICBC is in very bad shape.

  Sep 5, 2017