"Bicing users will have to take out a mandatory 4-euro insurance policy that covers third-party claims, first-party damage and injury, and legal assistance. This is in addition to the rise in the Bicing charge from 35 to 40 euros announced among the new public-sector charges for 2012."The article also points out that this will rise further in the future until the users are covering 40% of the cost of the service, with the current change they are now paying 25%.
The increase in costs is 15% excluding the insurance. At the same time the city managed to reduce the cost of bicing from 13850000 Euro by 350000 Euro, which is a decrease of 2%.
As I personally don't live in the bicing zone any more, I have to reconsider continuing with my subscription. I am going to continue using it next year, but there are is certainly a limit I am willing to pay per month.
I am also not happy with the compulsory insurance policy, unless the legal assistance will help me with ridiculous charges by the police. I fear this is just money going to the insurance company without any benefits to the user.
More information about the change also on bicing.cat.