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ICBC, B.C. provincial government settle class-actions but 5.6 million drivers get nothing
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ICBC, B.C. provincial government settle class-actions but 5.6 million drivers get nothing
The Insurance Corporation of British Columbia (ICBC) and the British Columbia provincial government have agreed that ICBC will pay nearly $13 million to settle two class-action lawsuits that alleged the insurance corporation has been illegally driving up premiums since 1973. But millions of insured drivers who paid what was estimated as an additional $1 billion in premiums over the decades will get nothing. Instead, the money will go to charitie…
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