When the Insurance Corp. of B.C.91裸聊视频檚 new restrictions on 91裸聊视频減ain and suffering91裸聊视频� payouts and court experts take effect April 1, B.C.91裸聊视频檚 monopoly vehicle insurance system will be 91裸聊视频渟ubstantially the same as Alberta91裸聊视频檚91裸聊视频� but with higher premiums, says a new report from the Insurance Bureau of Canada.

The private insurance group has been lobbying for B.C. to open up basic vehicle insurance to competition, as ICBC struggles with soaring injury claim and legal costs. The B.C. government has imposed sweeping reforms to try to cut costs, as it faces a deficit of more than $1 billion for the fiscal year that ends March 31.

The Insurance Bureau retained to examine auto insurance rates and payouts in Alberta and B.C., for the same vehicles with $1 million third party liability, $500 deductible collision, $250 deductible and uninsured motorist protection.

Report from says once caps on litigation and minor injury payouts take effect April 1, the main difference between BC and Alberta will be the lack of competition here

91裸聊视频� Tom Fletcher (@tomfletcherbc)

91裸聊视频淲ith the changes coming on April 1, the auto insurance systems in B.C. and Alberta will be substantially similar, with the key difference being who sells auto insurance in each province,91裸聊视频� said Susan Mowbray, a manager at MNP. 91裸聊视频淭hat difference has contributed to drivers in B.C. paying more than their neighbours in Alberta for similar coverage.91裸聊视频�

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ICBC spokesperson Joanna Linsangan said Thursday the latest changes make the corporation 91裸聊视频渨ork again for drivers, without losing the virtues of public insurance91裸聊视频� that include its CounterAttack road checks and operating driver licensing.

91裸聊视频淣o private insurer invests in police enforcement, road safety improvement projects and makes sure that anyone who gets a licence in B.C. is safe to drive,91裸聊视频� Linsangan said. 91裸聊视频淣o private insurer could come into B.C. and offer the rates they offer in Alberta. Our system and cost pressures are very different and the levels of coverage provided to British Columbia far outweigh those in other provinces.91裸聊视频�

The levels of coverage provided to British Columbians outweigh those in other provinces. Our medical care benefits are six times those offered in Alberta, and as of April 1 our wage loss payment will be almost double. ^jl

91裸聊视频� ICBC (@icbc)

ICBC has argued that higher accident rates are an issue across North America, despite safety improvements to roads and vehicles.

Attorney General David Eby says B.C. is not considering going to a no-fault insurance system, and the adversarial court method is being retained for major injuries. Another change taking effect April 1 diverts minor injury claims to an administrative tribunal.

Those changes will affect about 80 per cent of injury claims, and have sparked a legal challenge from the Trial Lawyers Association of B.C., arguing the court91裸聊视频檚 independence is being affected.

tfletcher@blackpress.ca
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