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March 1996 ICBC costs reveal underlying insurance pressures
ICBC March 1996 month end figures show collision payouts over 30 million with 3.2 million for paint, 6 million for OEM parts, 5.3 million for labor and 10.3 million in total loss. Comprehensive claims reached 20 million. Accident benefits exceeded 8 million, totaling over 73 million for injuries. Pain and suffering accounted for 36.4 million with wage losses and future care at 22.8 million. March deemed a normal month.
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