Attorney General David Eby (Black Press)

VIDEO: ICBC report should have been released, Eby says

B.C. government capping minor injury awards five years later

The B.C. Liberal government should have released its full 2014 report on the deteriorating financial situation at the Insurance Corporation of B.C., even if they didn’t act on all the recommendations, Attorney General David Eby says.

The key recommendation that was removed from an Ernst and Young analysis of rising insurance costs was placing a cap on minor injury and pain and suffering awards from car accidents. With ICBC facing a potential $1.3 billion loss this year, Eby announced the province is implementing those changes in 2019.

RELATED: ICBC to cap pain and suffering payouts

The former B.C. Liberal government commissioned the report as ICBC costs began soaring, restricting the province’s long-standing practice of taking a dividend from its operation and putting upward pressure on rates.

Rising accident rates and an 80 per cent increase in injury claim costs in the past seven years forced the government to act, putting a $5,500 limit on payouts for pain and suffering, and setting up a claim resolution tribunal to settle minor injury disputes without going to court.

Eby told reporters Thursday he has asked ICBC to review the parts of the report that were withheld in 2014, including advice about the corporation’s investments. He saw the missing pages for the first time Thursday, after they were obtained by the Vancouver Sun.

“I’m trying to imagine a situation where we would pay, probably on the order of about a half million to a million dollars for an expert report about how to address issues at a Crown corporation, and then remove pages from the report before it was released to the public,” Eby said. “The recommendations seem straightforward, and even if the government didn’t want to do the recommendations, surely they had a reason for that.”


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Launch party for Vancouver Island’s new soccer team a success

Over 3,000 seats will be added to Westhills Stadium in the next 6 months

Two people rescued after falling from lifeboat at Ogden Point

Crew members of the Explorer of the Seas cruise ship fell into the water Thursday night

Saanich pedestrian incidents reflect recent trends

76% of crashes involving pedestrians happen at intersections

Group pushing to preserve Saanich Hydro land as park

Neighbours petitioning to buy surplus land on Kings Road

View Royal Park sign taken down after glitch redirects to pornographic website

Resident looking to learn more about workout equipment discovered the problem code

BC Games’ Athletes Corner: What’s your favourite pump up song?

Check out what’s playing in the earbuds of BC Summer Games athletes before they compete

Five fun things to do this weekend

From a paint in to festivals, there are lots of fun events taking place this weekend

Big-time racing on tap in Langford this month

Western Speedway the place to be for a roaring good time in summer

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

Zone 6: Rugby star Maggie Banks carries family legacy to BC Games

Shawnigan Lake student and Coquitlam native following her parents to the national program

RCMP help to save goats from wildfire

The fast-approaching wildfire, sparked Thursday, forced the evacuation of five homes

VIDEO: Near drowning captured on popular B.C. river

Search and Rescue manager says the popular pastime of floating in the summer is inherently dangerous

Crosswalk vandalism leaves black mark for Cowichan as B.C. Games begin

Rainbow crosswalk defaced just days after being painted

Saanich balances need for sewer with rural protection

A Saanich councillor says the public does not need to be concerned… Continue reading

Most Read