BC Conservatives call for ICBC reform

Leader Scott Anderson of Vernon calls ICBC ‘national embarrassment

  • Nov. 21, 2017 8:30 a.m.
Scott Anderson

Scott Anderson

The BC Conservative Party supports reforming the Insurance Corporation of British Columbia (ICBC) in order to reduce insurance rates for BC drivers.

A recent report by Ernst & Young found that the average driver in B.C. may need to pay almost $2,000 in annual total premiums for auto insurance by 2019, an increase of 30 per cent over today’s rates. ICBC itself indicated that rates would need to increase by 42 per cent over the next five years to make up for expenses. Even now, B.C. drivers pay the highest insurance premiums in Canada.

Related: ICBC rates go up 6.4 per cent Nov. 1

“ICBC has turned into a train wreck and a national embarrassment,” said Vernon’s Scott Anderson, interim leader of the BC Conservatives. “The Liberals used it as a piggy bank and the NDP’s answer is to simply raise rates, just as they plan to raise taxes. Neither one is acceptable.”

The BC Conservatives will turn ICBC into a co-operative, ensuring that BC 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.

The BC Conservatives will also open the industry to private competition, to help drive rates lower.

Related: ICBC overbilling for crash repairs not the problem, dealers say

British Columbia has a well established, profitable, strong, and well managed co-operative movement. BC 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 B.C. drivers,” said Anderson. “Competition also must be opened up to private companies for basic insurance in order to reduce insurance rates for everyone. It is completely unacceptable that B.C. drivers now pay the highest insurance premiums in Canada.”

Anderson said a guaranteed way to ensure B.C. drivers no longer pay the highest insurance rates in the country is to turn ICBC into a co-op, then open up basic insurance to competition.


@VernonNews
newstips@vernonmorningstar.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

(Phil McLachlan/Capital News)
Murder charge laid in February 2020 stabbing death of Smithers man

Michael Egenolf is charged with the second-degree murder of Brodie Cumiskey

Island Health chief medical officer Dr. Richard Stanwick receives a first dose of Pfizer vaccine, Dec. 22, 2020. (B.C. government)
COVID-19: B.C. seniors aged 90+ can start to sign up for vaccination on March 8

Long-term care residents protected by shots already given

A health care worker prepares to test a Coastal GasLink field worker for COVID-19. (Coastal GasLink photo)
Coastal GasLink begins COVID screening of pipeline workers

Construction is once again ramping up following Northern Health approval of COVID management plan

FILE – A COVID-19 vaccine being prepared. (Olivia Sullivan/Sound Publishing)
B.C. seniors 80 years and older to get COVID vaccine details over next 2 weeks: Henry

Province is expanding vaccine workforce as officials ramp up age-based rollout

Fisheries and Oceans Canada released it's 2021 Pacific Herring Integrated Fisheries Management Plan Feb. 19. (File photo)
Northern herring opportunities kept to a minimum

2021 management plan caps Prince Rupert fishery at 5 per cent

The area on Cordova Bay Road where ancestral human remains were discovered Feb. 22. (Submitted photo)
Human remains discovery a reminder of B.C. Indigenous culture dug up and displaced

‘These are the people who inspired and birthed the generations that we now have here’

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

The machines are akin to ATMs and allow drug users at risk of overdose to get hydromorphone pills dispensed to them after their palm has been scanned to identify its unique vein pattern. (CANADIAN PRESS)
Feds dole out $3.5M for ‘vending machines’ to dispense safer opioids in B.C.

The machines are located in four cities across Canada, including Vancouver and Victoria

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Kelowna’s lakefront visitor centre is one of 130 around the province. Tourism businesses have been hardest hit by COVID-19 restrictions on travel. (Destination B.C.)
Tourism, small business getting COVID-19 help, B.C. minister says

$300M grant program has delivered $50 million so far

The incident happened in downtown Castlegar. Photo: Betsy Kline
Castlegar teen recounts stabbing after stranger breaks into grandmother’s house

The unnamed teen survived a terrifying attack Feb. 21

Most Read