Tag Archives: rate hike

Another ICBC rate hike coming?

  http://www.cbc.ca/news/canada/british-columbia/icbc-wants-to-hike-basic-rates-1.3735758 ICBC is asking or a 4.9% increase in premiums. Last year rates were raised 5.5%. ICBC is citing a rising number of claims and increased legal costs as the reason for this hike. As a lawyer, with an admittedly biased opinion on the matter, my position has always been that claims and legal costs are […]