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Auto insurance on way up

ICBC has begun filing its basic insurance rate application with the B.C. Utilities Commission, but final parts of the application, including any request for a rate change, aren't due until the end of October. Despite that, the provincial auto insurer says .... ICBC may hike basic insurance rate 6.7 per cent: The Insurance Corp. of B.C. is warning motorists they'll soon pay more for basic auto ... rate cut would help ease the pain for the majority of motorists who also buy their optional coverage from ICBC, but made no commitment to enable that. The Bank of .... B.C.’s auto insurer eyes rate increase, cites cost of fraud: The Insurance Corporation of British Columbia says fraudulent claims have played a role in its need for a 6.7-per-cent increase in basic rates, a trend the corporation says is in keeping with what is happening nationwide. Last year, the auto-insurance .... Top 5 Car Insurance Companies in Texas: It provides financial and insurance services to customers throughout the United States and Canada. Among its products ... costs and offer more competitive premium rates. GEICO was instrumental in reducing auto insurance rates, as it was one of the first ...

ICBC Looking To Raise Rates Again: VANCOUVER – It will be two months before the Insurance ... BC Utilities Commission, but final parts of the application, including any request for a rate change, aren’t due until the end of October, reported Canadian Press. Despite that, the provincial .... ICBC rates could climb 6.7% because of fraud, spike in claims: ICBC says a spike in injury claims and fraud will likely force it to increase basic auto insurance rates this October by as much as 6.7 per cent. The Crown corporation says its payouts for pain and suffering, future care and loss of wages rose 10 per cent .... ICBC says fraud, rise in claims reason for rate increase: Lower interest rates in Canada are also putting additional pressure on insurance rates across the country. Going forward, ICBC's investment income – which helps reduce the amount customers have to pay for their auto insurance – will be negatively ...

ICBC may hike basic car insurance by 6.7%

The Insurance Corp. of B.C. is warning motorists they'll soon pay more for basic auto ... rate cut would help ease the pain for the majority of motorists who also buy their optional coverage from ICBC, but made no commitment to enable that. The Bank of .... Morning Briefing: Insurance professionals are in demand: Industry recruiter The Jacobson Group and sector analysts Ward Group say that 65 per cent of insurers are intending to hire this year while the unemployment rate ... insurance sector will grow by 1.9 per cent. Auto premiums predicted to rise sharply in .... The Fraser Institute: Highest Auto Insurance Rates in Canada Found in Ontario, BC, Saskatchewan, and Manitoba: ONTARIO--(Marketwire -10/03/11)- Government-run auto insurance monopolies in BC, Saskatchewan, and Manitoba continue to charge some of the highest auto insurance rates in Canada, concludes a new study released today by the Fraser Institute, Canada's ...

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