ICBC Insurance Rates to Increase

ICBC has announced that it will be requesting that the BC Utilities Commission approve a 7% increase in auto insurance premiums. The Crown Corporation suggests this is required due to increased costs associated with injury claims. This is not a surprising development given the insurer’s management theory and ongoing adversarial approach to people injured in accidents. If an injured person is routinely forced to sue in order to receive fair compensation, it’s no wonder ICBC’s legal costs continue to soar.

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