ICBC Class Action Settlements Approved in British Columbia
Insurance Corporation of British Columbia · Automobile insurance and crash-related benefits · Settlement Reached
About this case
The class action alleged that provincial governments improperly used Insurance Corporation of British Columbia funds to reimburse the public medical insurance plan for crash-related medical care, contributing to reduced benefits for injured victims and higher premiums for insured drivers. The court approved settlements providing $12.2 million to two charities for the ratepayer class and approximately $657,000, including benefits and $1,000 in damages and interest, for eligible accident victims; compensation for accident victims had begun, bringing the litigation to a settlement-reached stage.
Case overview
- Defendant company
- Insurance Corporation of British Columbia
- Product or service
- Automobile insurance and crash-related benefits
- Case status
- Settlement Reached
- Lawsuit type
- Consumer
- Reported harm
- Billing Fees
Participation information
Ratepayer class settlement
The ratepayer class consisted of insured drivers in British Columbia.
The approved $12.2 million ratepayer settlement is to be paid to Mothers Against Drunk Driving and Parachute rather than distributed as individual payments.
- Type
- Settlement Claim
- Status
- No action required
- Total settlement amount
- $12,200,000
- Payout
- The settlement funds will be paid to Mothers Against Drunk Driving and Parachute for road-injury prevention and related work.
- Reported proof requirement
- No
Accident victim class settlement
The class includes people injured in a motor vehicle accident on or after April 1, 1994, who did not opt out of the class action and received benefits up to ICBC's legal liability limit.
The article states that ICBC had begun providing compensation to accident victim class members but does not specify whether a claim or additional action is required.
- Type
- Settlement Claim
- Total settlement amount
- $657,000
- Amount per claim
- $1,000
- Payout
- Eligible accident victims are to receive benefits equivalent to the full benefits to which they were entitled, plus $1,000 in damages and interest.
- Reported proof requirement
- Unclear