Insurance Costs
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Severe weather events in 2024 surpassed $8B in claims, a Canadian first'Sadly, beyond the staggering financial losses are hundreds of thousands of Canadians whose lives and livelihoods have been upended,' the president and CEO of IBC said.WeatherJan 13, 2025
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Insurance costs rising as ‘catastrophic events’ become the normAs weather events and wildfires become increasingly extreme and frequent, insurers in Canada are finding it more difficult to keep coverage affordable.ConsumerJun 2, 2023
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Amid rising strata insurance costs, one East Vancouver building faces enormous billPeople living in the building will have to foot an enormous bill, about five times what they currently pay, just to get insurance.EconomyJun 22, 2020
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B.C. condo insurance rates up 40% in ‘unhealthy’ market, regulator findsThe B.C. Financial Services Authority has found the province's condo insurance market has left home owners with an average cost increase of around 40 per cent over the past year while deductibles have also skyrocketed.EconomyJun 16, 2020
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New report finds British Columbians still pay more for car insurance than AlbertansEven after massive changes at ICBC, British Columbians are still paying more for car insurance than Albertans according to a new report.PoliticsJan 28, 2020
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British Columbians pay a lot more for car insurance than Albertans: ReportBritish Columbia drivers pay significantly more than Alberta drivers for auto insurance.PoliticsMar 20, 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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B.C. government looking at restricting the cost of expert reports in ICBC casesAttorney General David Eby is looking at the idea of capping or restricting the costs of using expert reports in ICBC cases.Jan 17, 2019
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