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ICBC to begin rebates in mid-March 2021

ICBC customers will receive one-time rebates averaging $190, starting spring 2021 – their part of $600-million that was saved due to a major decrease in crashes and costs as the COVID-19 pandemic took hold. Since the beginning of the 2020-21 fiscal year, ICBC has had fewer reported collisions and lower claim costs, resulting in higher-than-expectedRead Full Story

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Insurance Bureau

ICBC keeps savings from reduced claims during pandemic

NEWS PROVIDED BY Insurance Bureau of Canada  In recognition of the fact Canadian’s are driving less and claims are down during the COVID-19 pandemic, private insurers across the country have returned an average of approximately $280 per driver in auto insurance premium relief, as of June 30, 2020. Insurance Bureau of Canada (IBC) recently conducted a survey of members andRead Full Story

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Report says competition would bring significant savings to BC’s auto insurance market

A report entitled The Benefits of Competition in the Provision of Automobile Insurance in BC, commissioned by the Insurance Bureau of Canada (IBC), the national industry association representing Canada’s private home, auto and business insurers, concludes that competition would bring significant savings to British Columbia’s auto insurance market. Currently, all drivers in B.C. are coveredRead Full Story

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