Insurance Rate
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SGI rates to hold steady ‘despite COVID-19 volatility’: minister"The fiscal year came with its challenges, but the Auto Fund is fortunate to remain in a strong financial position overall," Joe Hargrave told reporters ThursdayEconomyJul 9, 2020
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ICBC pays insurance brokers $6M ‘transition payment’ for new rate changesIn a letter to brokers in June, ICBC said the payment was in "recognition of additional costs anticipated by brokers when implementing the new model."Sep 12, 2019
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Early returns suggest majority of people will pay less under ICBC rate structure changeNearly 15,000 British Columbians have renewed their auto insurance under the new ICBC rate structure, and so far a majority have saved money compared to the old plans.PoliticsAug 23, 2019
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ICBC is spending 50 per cent more on vehicle damage than in 2012. Is it getting value for money?The insurer spent nearly three quarters of a billion dollars in 2017 at body shops alone.Dec 11, 2018
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WATCH: Why are insurance rates going up when the number of crashes on provincial highways is down?Buried in Wednesday's announcement of speed limits going up on some of British Columbia's highways was an important statistic showing the number of serious crashes on provincial highways has decreased by 28 per cent since 2003.Jul 3, 2014
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