Skip to Main content

24.21°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

May 8, 2024 7:03 PM - The Canadian Press

B.C. insurance corp. announces $110 vehicle rebate, rate increases on hold until 2026

Share On

b-c-insurance-corp-announces-110-vehicle-rebate-rate-increases-on-hold-until-2026

Wong says preliminary financial results show ICBC will earn net income of $1.5 billion this year, which includes the $400 million cost of the rebates.(Photo: The Canadian Press)

Most drivers in British Columbia will receive a $110 vehicle insurance rebate this year.

The Insurance Corporation of B.C. says strong investment and financial returns and the 2021 shift to the "enhanced care" model for providing health coverage for people involved in crashes has put the Crown corporation in a solid position to offer rebates.

Corporation president David Wong says vehicle insurance rates will also remain frozen until at least March 2026.

He says the last basic insurance rate increase was 2019.

Wong says preliminary financial results show ICBC will earn net income of $1.5 billion this year, which includes the $400 million cost of the rebates.

Premier David Eby and Solicitor General Mike Farnworth, the minister responsible for ICBC, and Wong are set to address rebate program at a news conference Wednesday.

Latest news

four-arrested-after-alleged-200-000-casino-fraud-scheme-in-vancouver

Four arrested after alleged $200,000 casino fraud scheme in Vancouver

Four people have been arrested in Vancouver following an investigation into an alleged casino cheating scheme that police say defrauded a local casino of more than $200,000. The Combined Forces Special Enforcement Unit of British Columbia said the arrests were made May 5, one day after investigators were alerted to suspected cheating activity at a Vancouver casino. The investigation began after the Independent Gambling Control Office identified irregularities during casino play, according to a police statement. Police said two men and two women were arrested and later released pending charge a

pm-mark-carney-calls-for-renewed-canada-u-s-partnership-during-new-york-speech

CanadaMay 28, 2026

PM Mark Carney calls for renewed Canada–U.S. partnership during New York speech

Prime Minister Mark Carney called on the United States to build a renewed and stronger partnership with Canada during a speech in New York, saying both countries need deeper cooperation in key sectors amid growing global competition. Carney said Canada is now more resilient and confident than in previous years and positioned the country as a reliable partner for the United States, particularly in the energy sector. He said Canada is capable of helping meet American energy needs while supporting stability in North American supply chains. Addressing the issue of Chinese electric vehicles enterin

CanadaMay 28, 2026

U.S., Canada and Mexico announce joint Ebola travel measures ahead of FIFA World Cup

The United States, Canada and Mexico have announced coordinated travel health measures for visitors arriving from high-risk African regions ahead of the FIFA World Cup, citing growing concerns over the spread of Ebola. In a joint statement, the three host countries said protecting the health and safety of residents and international visitors during the North American tournament remains a top priority. The measures follow a recent World Health Organization declaration warning that an Ebola outbreak in the Democratic Republic of Congo could spread to neighbouring countries. According to the Worl

Conservative MP introduces bill to repeal B.C. oil tanker ban

Conservative MP David MacKenzie, who represents Calgary Signal Hill, has introduced a private member’s bill in the House of Commons seeking to repeal the federal oil tanker ban along British Columbia’s northern coast. Bill C-264 is currently at second reading. The federal restriction, which came into force in 2019, prohibits oil tankers carrying large quantities of crude oil and certain petroleum products from loading or unloading along much of B.C.’s northern coastline. The legislation was introduced as part of federal marine and environmental protection measures. Speaking in the House

ucp-backs-alberta-remaining-in-canada-after-public-split-over-separation-stance

AlbertaMay 28, 2026

UCP backs Alberta remaining in Canada after public split over separation stance

Alberta Premier Danielle Smith says the United Conservative Party supports Alberta remaining in Canada following conflicting public statements from party leadership ahead of a proposed fall referendum on separation. The clarification came after UCP president Rob Smith said earlier this week the party would not take a position on Alberta separation before the vote. Danielle Smith has repeatedly stated she supports Alberta staying within Confederation. In a new statement issued Wednesday, the party said it supports Alberta remaining in Canada and “has always supported that position.” The dis

Related News

Four arrested after alleged $200,000 casino fraud scheme in Vancouver

Four arrested after alleged $200,000 casino fraud scheme in Vancouver

Four people have been arrested in Vancouver following an investigation into an alleged casino cheating scheme that police say defrauded a local casino of more than $200,000. The Combined Forces Special Enforcement Unit of British Columbia said the arrests were made May 5, one day after investigators were alerted to suspected cheating activity at a Vancouver casino. The investigation began after the Independent Gambling Control Office identified irregularities during casino play, according to a police statement. Police said two men and two women were arrested and later released pending charge a

Conservative MP introduces bill to repeal B.C. oil tanker ban

Conservative MP introduces bill to repeal B.C. oil tanker ban

Conservative MP David MacKenzie, who represents Calgary Signal Hill, has introduced a private member’s bill in the House of Commons seeking to repeal the federal oil tanker ban along British Columbia’s northern coast. Bill C-264 is currently at second reading. The federal restriction, which came into force in 2019, prohibits oil tankers carrying large quantities of crude oil and certain petroleum products from loading or unloading along much of B.C.’s northern coastline. The legislation was introduced as part of federal marine and environmental protection measures. Speaking in the House

Daytime knife-point robbery at Surrey jewelry store under investigation

Daytime knife-point robbery at Surrey jewelry store under investigation

Surrey Police Service is investigating a daytime robbery at a jewelry store located in the Payal Business Centre in Surrey. Police say the suspect fled after stealing jewelry during the incident, which took place in the middle of the day. According to SPS media relations officer Staff Sgt. Ali Gales, officers were called to the area near 128 Street and 81 Avenue at approximately 11:30 a.m. Wednesday following reports of a robbery at the business. Police said the suspect allegedly stole several pieces of jewelry from the store before fleeing the scene. Reports indicate jewelry being worn by the

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital