B.C. Conservatives want a full overhaul of ICBC

Their goal is to reduce insurance rates for B.C. drivers.

The B.C. Conservative Party has announced their support of a full overhaul of the Insurance Corporation of British Columbia (ICBC) in order to reduce insurance rates for BC drivers.

“ICBC needs a full overhaul,” said Scott Anderson, Interim Leader of the BC Conservatives. “The Liberals used it as a piggybank and the NDP’s answer is to tinker with it, while keeping it tangled in a massive bureaucratic rat’s nest, still embedded in an archaic Crown Corporation. Nor has the NDP’s proposed new structure addressed the problem of government dipping that went on under the Liberals.”

B.C. drivers pay one of the highest insurance premiums in Canada.

“Knowing that the status quo is no longer acceptable, the NDP at least tried to bring rates in line with reality,” said Anderson. “But being the NDP, they couldn’t bring themselves to take the final, necessary step and allow the expert risk assessors in the private sector to determine realistic, viable insurance rates while opening ICBC to competition in order to keep rates as low as possible. Doing so would also help new drivers who are getting the short end of the stick under the proposed system.

The B.C. Conservatives plan to turn ICBC into a co-operative, ensuring that drivers who pay premiums will be the ones who own the organization. A co-operative will work in drivers’ best interest, rather than serving the government of the day. They also plan to open the industry to private competition, to help drive rates lower.

The province has a well established, profitable, strong, and well managed co-operative movement. B.C. is home to three of the five largest credit unions in Canada, plus a co-operative that is the largest supplier of outdoor equipment in Canada.

“We agree with the Canadian Taxpayers Federation that ICBC should be turned into a co-operative owned by BC drivers,” said Anderson. “Competition also must be opened up to private companies for basic insurance in order to reduce insurance rates for everyone.”

He believes that change needs to start now and that their platform best addresses the issue.

“The NDP built ICBC, the Liberals destroyed it, and now the NDP are trying to fix the sinking ship with skyrocketing insurance rates. A guaranteed way to ensure that BC drivers no longer pay the highest insurance rates in Canada is to turn ICBC into a co-op, then open up basic insurance to competition,” concluded Anderson.

Related: ICBC moves to tighten driver discount rules

Related: 40% of B.C. drivers fail ICBC refresher course: results

Related: Hundreds turn to ICBC after Kootenay acid spill damages cars

To report a typo, email:
newstips@vernonmorningstar.com
.


@VernonNews
newstips@vernonmorningstar.com

Like us on Facebook and follow us on Twitter.

Just Posted

Surrey man’s death prompts call for change

Hospital beds for patients with both medical and mental-health issues are ‘very limited’: coroner

VIDEO: Cloverdale hockey parents, players rally against mayor’s plan to postpone arena

The future Cloverdale arena is one of many projects set to be delayed in Surrey’s draft budget

‘Dream come true’ for flower-retrieving trio of figure skaters

Cloverdale, North Delta girls chosen for special task during Grand Prix event at UBC

Volunteers sought for White Rock Christmas Bird Count

Annual inventory of feathered friends set for Dec. 29

Surrey needs more Mounties now, city councillor says

Linda Annis says public safety cannot be put on hold while city forms its own police force

Lawyer for Chinese exec detained by Canada says it’s ‘inconceivable’ she would flee

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Federal government plans examination of coerced sterilization

The Liberals have been pressed for a rapid response to recent reports on the sterilizations

Huitema, Cornelius named 2018 Canadian Youth International Players of the Year

Huitema was captain of Canada’s fourth-place team at this year’s FIFA U-17 Women’s World Cup

Canada not slowing emissions from oil and gas: environmental groups

New report released at the United Nations climate talks in Poland

Liberal Party moves Trudeau fundraiser from military base

The fundraiser is scheduled for Dec. 19, with tickets costing up to $400

Pipeline protesters arrested at B.C. university

Three protesters were arrested after TRU property allegedly vandalized with red paint

Goodale to ‘examine’ transfer of Rafferty to medium-security prison

Michael Rafferty was sentenced to life in prison in 2012 in the kidnapping, sexual assault and first-degree murder of Tori Stafford

‘Abhorrent’ condition of autistic B.C. boy shows flaws in care system: report

‘Charlie’ was underweight and ‘covered in feces’ when he was removed from his mom’s care

Vancouver Whitecaps lose Kei Kamara, protect 11 players from expansion draft

The club added two goalies, a winger and a midfielder during Major League Soccer’s half-day trade window

Most Read

l -->