US EditionICBC is sending out more rebates to eligible British Columbians
- B.C.'s auto-insurer ICBC is sending out 3.7 million rebate cheques of $110 each to eligible clients with basic insurance policies as of January 2025, as announced by B.C. Minister of Public Safety Garry Begg on March 26.
- The government announced a total rebate value of $410 million in this year's budget, and this is the fifth rebate since February 2021.
- Eligible customers have received a total of $640 in rebates so far, and details on how the rebates are delivered vary by payment method.
- ICBC's president, David Wong, attributed the rebates to strong investment returns and noted that basic insurance rates have not increased for six years.
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ICBC starts sending out $110 rebates, totalling $410 million
ICBC has started sending out millions of dollars in rebates, working out to $110 per person. People who are eligible for the rebate are those who have had an active “basic” insurance policy as of January 2025. ICBC says it’s sending out approximately 3.7 million rebates, totalling about $410 million. The Crown corporation says eligible customers will receive a letter from ICBC with information on their rebate amount and payment method. The reba…
·Victoria, Canada
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