Article content

It seems that almost everyone knows ICBC is losing money, a lot of money.

What many people may not know is how our government is going to fix ICBC so that it delivers affordable car insurance, with good benefits, for all British Columbians. After all, that was the point of British Columbia establishing ICBC in the first place.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or David Eby: Being clear about the ICBC road ahead Back to video

On April 23, 2018, our government introduced two significant bills in the legislature.

These bills are written in legal language. In short, they say that our government will no longer tolerate having British Columbians’ car insurance premiums pay to administer costly and lengthy lawsuits with multiple experts in B.C. Supreme Court for minor injuries.

We will no longer permit endless growth in “pain and suffering” awards for minor injuries that have increased more than 260 per cent in the last 10 years.

The fundamental changes proposed by the two bills are simple — an independent tribunal will resolve minor injury disputes between claimants and ICBC, and a limit will be placed on the maximum pain and suffering award for minor injuries.