‘Pervasive lawyer advertising’ singled out by ICBC as reason for rate hike

The Insurance Corporation of British Columbia has singled out “pervasive lawyer advertising” as a cause in the steady uptick of injury claimants obtaining legal representation.
Ron Nairne says the current system of compensation is one of the best in North America and wants it to be preserved. ‘We say if ICBC handled files efficiently and fairly, in the long run savings would be achieved.’In its recent revenue requirements application to the B.C. Utilities Commission, the provincial insurance provider delved into justifications for a 4.9-per-cent basic rate increase.
ICBC said litigation costs in 2015 hit almost $309 million and made up 20 …
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