ICBC's 6.3 per cent rate hike approved for April 1 on interim basis

ICBC’s application for a 6.3-per-cent rate hike on basic insurance has received interim approval, with the increase coming into effect this spring.
The Insurance Corporation of B.C. announced Wednesday that the B.C. Utilities Commission had granted interim approval for the increase. The increase will affect all new and renewed policies effective April 1 onwards.
The BCUC will now undertake a public review process to seek feedback on ICBC’s application. As part of that process, the pu