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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Jan 27, 1992
Page
16
The ICBC warns premiums must rise by about 19 percent in 1992 to cover claims costs and maintain funding. Increases reflect higher claim volumes and new claim types, especially under Comprehensive coverage, with added costs for windshields, vandalism, and theft. Shorter term options are offered, and coverage for equipment attached to vehicles has increased limits.
ICBC introduces two new use categories for vehicle policies including to and from work or school under 15 km and park and ride options. Starting January 9 1992 drivers rated for to and from work use may see premium changes with re rating. Driver point premiums rose after January 9 1992 and theft claim payments increased from 26 million in 1990 to 38 million in 1991.
UMP now included in basic Autoplan, offering automatic protection up to 2 million dollars per insured person injured or killed by a driver with insufficient coverage. Last year 90 percent of eligible BC motorists bought UMP as an option. As of January 9, 1992 every eligible motorist was affected.
Environment Canada invites Canadians to nominate individuals and organizations for five of six categories in the 1992 Environmental Achievements Awards. Finalists chosen by the Canadian Environmental Advisory Council. nominations due by February 15, 1992.
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