29-03-2019 16:46 via vancouversun.com

ICBC 2.0: 'Generational shift' in B.C. auto insurance starts Monday

VICTORIA — B.C. motorists who get in a car crash on Monday will find themselves test-driving the province’s radically changed auto-insurance system.
A cap of $5,500 on pain and suffering claims for minor injuries in car accidents begins April 1. It’s part of the largest overhaul to auto insurance since the Insurance Corp. of B.C. was created in 1973.
The goal is to save money. The Crown corporation is teetering on the verge of insolvency and is on track to lose almost $3 billio
Read more »