Insurance Corporation of British Columbia (ICBC) announced they’re on track to mail out all remaining 2.86 million COVID-19 related rebate cheques by the end of April.
The $600 million share of rebates will be sent directly to eligible customers. Since April 6th, approximately 940,000 cheques have been issued.
Eligible recipients are customers who had vehicles insured for all or part of the six-month period between April 1st and September 30th, 2020.
The rebate is averaging $190 per policy and is approximately 19 per cent of the premium a customer paid during coverage for that six-month period.
This large mailout, originally scheduled to begin March 15, was delayed by a cyberattack on the vendor.
“An investigation of the cyberattack confirmed that no ICBC customer information was obtained by unauthorized parties and there were no impacts to ICBC’s systems, which remain secure,” ICBC said in a statement.