Any gaps in coverage in the new no-fault system can be addressed in a five year-review, the premier says
The beneficiaries of the old litigation-based ICBC system were lawyers, not victims, says B.C. Premier David Eby.
“I can tell you that the beneficiaries of the old system were lawyers,” said Eby. “It was not drivers, who paid double-digit increases every year. It was not people who were injured in crashes, who paid 30 per cent of the reward that was supposed to pay for their care for the rest of their life, in legal fees, at least.”
The goal of the no-fault system was to ensure billions of dollars that were then going into legal fees, and pain and suffering and injury claims, instead went into improved benefits, immediate treatment and compensation, as well as generating lower basic rates and rebates for policy holders. Schober has argued that ICBC’s revenue gains come at the expense of catastrophic injury victims like himself who aren’t compensated their full working wage and can’t sue for higher compensation for pain and suffering.
“We have addressed those issues, but there may be others,” said Eby. “And so by doing that review, we’ll be able to close any additional gaps that may be in place.”
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