ICBC rate hike expected today

B.C. drivers should brace themselves for an insurance rate hike, as the province continued to try and put out the “financial dumpster fire” at the Insurance Corporation of B.C.
On Friday, the government will submit its ICBC rate increase application to the B.C. Utilities Commission.
Details are expected in the afternoon.
For basic auto insurance, which is mandatory for all B.C. drivers, the maximum allowable rate hike is 7.9 per cent. But the rates could go up higher for optional ins