The Insurance Corporation of British Columbia (ICBC) is the provincial Crown corporation that provides mandatory basic auto insurance for all vehicles in BC. Unlike most provinces where private companies sell auto insurance competitively, BC maintains a public monopoly on basic coverage, though optional additional coverage can be purchased from private insurers. ICBC also manages driver licensing and vehicle registration. The corporation has faced challenges including rising claims costs, legal expenses, and rate increases that generated significant public frustration. Reforms in 2021 moved BC to a 'no-fault' system for most claims, aimed at reducing costs and stabilizing rates.