B.C. to limit auto insurance claims, speed up process to settle disputes

VICTORIA – The British Columbia government has introduced legislation that will attempt to restore the finances of the public auto insurance agency.

Attorney General David Eby has promised changes to the Insurance Corporation of British Columbia as it faced a forecasted deficit of $1.3 billion.

The proposed changes introduced Monday in the legislature include a limit of $5,500 for pain and suffering on minor injury claims and faster resolutions of disputes.

If approved, the changes will set up a resolution process for cases under $50,000 that allows them to be resolved in as little as 90 days instead of two to three years.