Close X
Friday, November 29, 2024
ADVT 
National

B.C. Drivers Could Be Paying More As Public Auto Insurer Asks For A Rate Increase

The Canadian Press, 14 Dec, 2018 11:34 PM
  • B.C. Drivers Could Be Paying More As Public Auto Insurer Asks For A Rate Increase

VICTORIA — British Columbia's drivers could be paying more for auto insurance as the province's financially troubled public auto insurer asks for a 6.3 per cent rate increase.


The Insurance Corporation of B.C. announced Friday that it wants to the increase basic insurance rates starting April 1, if approved by the B.C. Utilities Commission.


Attorney General David Eby, the minister in charge of the corporation, says the government is undertaking a "historic modernization" of ICBC to make insurance rates more fair for people.


He says the changes will significantly reduce the legal costs associated to minor injury claims and provide enhanced care for people injured in crashes.


Eby says in a statement that the financial "situation was so dire that had the government not moved to stop the bleeding, the rates would have increased by almost 40 per cent."


The provincial budget forecast a $1.3-billion deficit at the Crown corporation this year and Eby earlier described the situation as a "dumpster fire'' inherited from the former government.

MORE National ARTICLES

Kennedy Stewart Challenged With Building Bridges As Mayor Of Vancouver: Expert

  VANCOUVER — On the heels of his narrow victory in Vancouver's dramatic mayoral race, observers say Kennedy Stewart's biggest challenge will be leading a council fractured across party lines as he tries to deliver on platform promises like increasing housing supply.

Kennedy Stewart Challenged With Building Bridges As Mayor Of Vancouver: Expert

Bombardier Sues Mitsubishi Over Alleged Theft Of Aircraft Trade Secrets

Bombardier Sues Mitsubishi Over Alleged Theft Of Aircraft Trade Secrets
The Quebec aerospace company alleges some of its own former employees passed on documents containing trade secrets to Mitsubishi before going to work for the company.

Bombardier Sues Mitsubishi Over Alleged Theft Of Aircraft Trade Secrets

Canada Post Hit By Rotating Strikes In Victoria, Edmonton, Windsor And Halifax

union representing 50,000 Canada Post employees has begun rotating strikes 

Canada Post Hit By Rotating Strikes In Victoria, Edmonton, Windsor And Halifax

Three Strong Earthquakes Reported In Pacific Ocean Off Vancouver Island

Three Strong Earthquakes Reported In Pacific Ocean Off Vancouver Island
Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean off Vancouver Island.

Three Strong Earthquakes Reported In Pacific Ocean Off Vancouver Island

Scheer Marks The Start Of The One-Year Countdown To The 2019 Election With A Campaign-Style Speech

Scheer Marks The Start Of The One-Year Countdown To The 2019 Election With A Campaign-Style Speech
OTTAWA — Conservative Leader Andrew Scheer marked the start of the one-year countdown to the 2019 election with a campaign-style speech that took direct aim at the Liberal government's record — on everything from carbon taxes, to ethics, to budgetary deficits.

Scheer Marks The Start Of The One-Year Countdown To The 2019 Election With A Campaign-Style Speech

3-Month-Old Baby Girl Dies In Hospital After Alleged Assault In Toronto's East End

3-Month-Old Baby Girl Dies In Hospital After Alleged Assault In Toronto's East End
Police say when officers arrived, paramedics were working on the infant, who had obvious signs of trauma.

3-Month-Old Baby Girl Dies In Hospital After Alleged Assault In Toronto's East End