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

New school bus ready to go at Chief Matthews Elementary

Students at Chief Matthews Elementary cheered today as a woven cedar rope… Continue reading

Shakeout drill set to test Haida Gwaii earthquake plans

Several schools and public organizations set to join 10:18 a.m. earthquake drill today

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

10 things still illegal in the new age of recreational cannabis

Pot is legal – but there are still a lot of rules, and breaking some could leave you in jail

Gudangaay Tlaats’gaa Naay powers up with solar panels and Tesla battery packs

Solar power got another big boost on Haida Gwaii last week, with… Continue reading

B.C. NDP retreats again on empty-home tax for urban areas

Rate reduced for all Canadians, dissident mayors to get annual meeting

Jets score 3 late goals to beat Canucks 4-1

Winnipeg ends three-game Vancouver win streak

Two B.C. cannabis dispensaries raided on legalization day

Port Alberni dispensaries ticketed for “unlawful sale” of cannabis

Canada not sending anyone to Saudi business summit

Sources insist Ottawa never intended to dispatch a delegation this time around

Earthquake early-warning sensors installed off coast of B.C.

The first-of-its kind warning sensors are developed by Ocean Networks Canada

VPD ordered to co-operate with B.C. police watchdog probe

According to the IIO, a court is ordering Vancouver police to co-operate with an investigation into a fatal shooting

B.C. woman looks to reduce stigma surrounding weed-smoking moms

Shannon Chiarenza, a Vancouver mom of two, started weedmama.ca to act as a guide for newcomers to legal cannabis, specifically mothers

B.C. teen gives away tickets to Ellen Degeneres show, plans O Canada welcome

The Grade 9 student wanted to give away tickets in the spirit of inclusivity

Most Read