December 12, 2019
The Provincial Government has provided direction that ICBC's basic rate application to the British Columbia Utilities Commission (BCUC) be delayed.
Normally, ICBC would submit our annual basic rate application to the BCUC by December 15. However, this year government, working with ICBC, is closely considering options in light of the recent B.C. Supreme Court decision on limiting the number of adversarial experts and expert reports in court and so our application is being delayed until February 2020.
The delay to February 2020 allows for further financial analysis to take place. In the meantime, we are committed to working alongside government to ensure the cost of auto insurance in British Columbia is more affordable.