Victims who suffer life-altering injuries in motor vehicle accidents will be exempt from the no-fault insurance regime and permitted to pursue fair and reasonable compensation in the British Columbia court system. To maintain the significant cost-saving measures currently in place with ICBC, there will continue to be a monetary cap for pain and suffering due to “minor injuries” or better defined as “soft tissue” injuries. The definition of “minor injury” will be amended to accord with medical consensus and the commonsense definition of “minor injuries”. Importantly, this policy will help to allow for competition in BC’s vehicle insurance market. The ICBC monopoly will never produce the cost savings a competitive free market will. Background Information On April 1, 2019, following legislation passed by the BC NDP, ICBC implemented a monetary cap on pain and suffering of $5,500 for “minor injuries”, indexed for inflation. Victims of car crashes continued to have the right to sue fo...
A discussion on political, economic and social issues in British Columbia, and Canada