Insurance Costs

• Insurance costs rising as ‘catastrophic events’ become the norm

  As weather events and wildfires become increasingly extreme and frequent, insurers in Canada are finding it more difficult to keep coverage affordable.

  Consumer

  Jun 2, 2023
  
• Amid rising strata insurance costs, one East Vancouver building faces enormous bill

  People living in the building will have to foot an enormous bill, about five times what they currently pay, just to get insurance.

  Economy

  Jun 22, 2020
  
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• B.C. condo insurance rates up 40% in ‘unhealthy’ market, regulator finds

  The 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. 

  Economy

  Jun 16, 2020
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• New report finds British Columbians still pay more for car insurance than Albertans

  Even after massive changes at ICBC, British Columbians are still paying more for car insurance than Albertans according to a new report. 

  Politics

  Jan 28, 2020
• British Columbians pay a lot more for car insurance than Albertans: Report

  British Columbia drivers pay significantly more than Alberta drivers for auto insurance.

  Politics

  Mar 20, 2019
• ICBC projecting another year of billion-dollar losses as injury claims mount

  ICBC 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.

  Politics

  Feb 7, 2019
• B.C. government looking at restricting the cost of expert reports in ICBC cases

  Attorney General David Eby is looking at the idea of capping or restricting the costs of using expert reports in ICBC cases.

  Jan 17, 2019