As a personal injury lawyer dealing with ICBC since 1995, having settled hundreds of injury cases, there are three certainties I have come to expect in every case. No matter the age, sex, or work ability of the claimant, here are three realities claimants should know about ICBC settlements:
- The claimant will be required to sign an Insurance Corporation of British Columbia, ICBC, Full and Final Release of all Claims. This means that in consideration for the ICBC’s promise to pay the settlement funds, the claimant agrees not to make a claim or start proceedings against any other person or corporation who might claim contribution or indemnity.
- If a lawsuit has already been filed with the court at the time of settlement, a Consent Dismissal Order may have to be entered dismissing the claim as though it had been decided on the merits.
- ICBC settlement almost always involve the settlement of two cases, the claim against the at fault driver, tort, and the auto insurance claim against ICBC for accident benefits.
Understanding these three parts of an ICBC settlement will help ensure claimants make the right choice when deciding to settle a personal injury case with ICBC. To learn more watch our short video about whether to settle with ICBC:
ICBC Claims Lawyers, working only for the injured, not ICBC.