ICBC Losses
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B.C. government planning to legislate changes around expert reports in ICBC casesB.C. Attorney General David Eby says instead of appealing the B.C. Supreme Court decision, legislation will be introduced in the spring to impose limits on expert reports.PoliticsNov 20, 2019
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B.C. man fights with ICBC over crash damage, despite dash cam evidenceA B.C. truck driver says B.C.'s public insurer is refusing to cover damage to his truck sustained in a hit-and-run -- despite him having video of the crash.Oct 28, 2019
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ICBC paid out nearly $2B to law firms in previous fiscal yearThe Insurance Bureau of British Columbia paid out $1.9 billion to 42 plaintiff law firms last fiscal year.Oct 28, 2019
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ICBC projecting another year of billion-dollar losses as injury claims mountICBC has posted a loss of $860 million for the first nine months of the current fiscal year and is now projecting a year-end net loss of $1.18 billion.PoliticsFeb 7, 2019
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Critics say ICBC’s payouts to repair luxury car show need for choice in insurance marketThe insurer has already paid more to repair a damaged Ferrari F40 than what the car is worth, but the costs could climb even higher.Mar 12, 2018
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Auto body industry says it’s not to blame for ICBC’s ‘financial dumpster fire’Following the news of massive losses at ICBC, an association representing the auto body industry say they are not part of the problem.Jan 31, 2018
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