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ICBC chair Nancy McKinstry resigns
McKinstry, an Order of Canada recipient in 2005, took the position of ICBC chair in May 2010
Tag: "Icbc"
Top five excuses given by impaired drivers
By ILSTV Staff on Dec 30, 2011 in Road Safety
“I’m driving my drunk friends home… I’ve had less than all of them.”
BC man busted for fraud after reporting vehicle stolen
Investigation into “stolen” vehicle reveals that truck had been involved in a hit and run in the same area five days earlier
Impaired driving consequences in BC
By ILSTV Staff on Dec 28, 2011 in Road Safety
Justice Jon Sigurdson ruled that making the IRP program invalid right away “may pose a danger to the public”
P&C insurers in BC, Alberta must become GIO members
By ILSTV Staff on Dec 22, 2011 in Canadian Insurance
Governments of Alberta and BC require all P&C insurers to be members of the General Insurance OmbudService as of July 1, 2012
ICBC plans software that will proactively flag potential data breaches
By ILSTV Staff on Dec 19, 2011 in Canadian Insurance
“In early 2013 we plan to introduce new software which will proactively flag inappropriate or random information accesses, and further strengthen this aspect of our systems,” said ICBC’s Mark Jan Vrem
ICBC data breach allegedly linked to arsons, shootings
The RCMP is investigating a former ICBC employee for her role in a string of arsons and drive-by shootings in B.C.’s Lower Mainland
B.C. making big profit on drivers’ licenses, says auditor
Auditor John Doyle says the province makes a 650 percent profit every time a driver’s license is renewed in the province
ICBC submits rate application with utilities commission
The insurer said the increase will raise the average premium from its current $1,277 per year to $1,304
ICBC basic rate hike piles costs on families: Canadian Taxpayers Federation
“We want to see the government introduce legislative changes to allow competition in basic auto insurance.” Jordan Bateman, Canadian Taxpayers Federation
ICBC sheds millions as claims rise, economy plummets; rates to rise
Bruce Cran, president of the Consumers Association of Canada, said drivers should be furious because the provincial government has siphoned off more than $700 million from ICBC over the past two years and dumped the money into general revenue
An open letter from ICBC President and CEO Jon Schubert to insurance customers
ICBC President and CEO Jon Schubert has written an open letter to BC insureds in regards to the company’s Q3 results and their impact on rates
Rates to rise as claims costs, lower investment returns affect ICBC’s Q3 results
While ICBC will be filing for an increase to its basic insurance rates, it will also drop its optional rates in 2012
ICBC CEO comments on proposed rate increases
“Reduced investment income and rising bodily injury claims have their most significant impact on our basic insurance costs, which unfortunately means we need to increase our basic rates.” Jon Schubert, President and CEO, ICBC
BC man guilty of insurance fraud after claiming stolen motorcycle
Man claims motorcycle was stolen, but ICBC’s SIU discovers the truth after a tip through its fraud tips line
Winter tire use across Canada
By ILSTV Staff on Nov 15, 2011 in Road Safety
Fewer than half of Canadian drivers installed winter tires in 2010
Halloween road safety tips
By ILSTV Staff on Oct 28, 2011 in Road Safety
Between 3 pm and midnight on Halloween, there have been an average of 400 car accidents resulting in 120 injured victims in BC
ICBC to change the way it sets rates for brokers
We value our insurance partners,” says Adam Grossman, Senior Media Relations Advisor for ICBC, “and remain committed to paying them fair and reasonable rates.”
BC broker takes insurance decal from agency, is suspended for two years
Former licensee took ICBC auto insurance decal from work and affixed it to her vehicle without registering it or renewing her insurance
