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ICBC Reforms

/ 97.3 The Eagle
ICBC Reforms
              The N-D-P is putting a 55-hundred-dollar cap on pain and suffering claims for minor injuries to help deal with a staggering financial loss at I-C-B-C. Attorney General David Eby says the change will take effect in April 2019 as part of a series of major adjustments at the public auto insurer, which is facing a projected 1.3-billion-dollar shortfall this fiscal year. Eby says minor I-C-B-C injury claims disputes will be redirected to the civil resolution tribunal to be decided quickly and to lower litigation costs. He says the changes will not only save I-C-B-C one billion dollars a year in projected claims costs but will allow for major changes to accident benefits, which he says will dramatically increase care for anyone injured in a crash.

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