BCUC Approves Interim ICBC 2021 Rate Decrease British Columbia Utilities Commission Vancouver, CANADA VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Today, by Order G-12-21, the British Columbia Utilities Commission (BCUC) approved the Insurance Corporation of British Columbia’s (ICBC) request for a 15% decrease to Basic insurance rates on an interim basis, effective May 1, 2021. The interim rate will remain in effect until the BCUC decides on the final permanent rate. The BCUC has established an open and transparent public proceeding to review ICBC’s 2021 Revenue Requirements application, which includes an opportunity for public comment and participation. There are several ways to participate in the review process, outlined below.