BC Conservatives call for ICBC reform

Leader Scott Anderson of Vernon calls ICBC ‘national embarrassment

  • Nov. 21, 2017 8:30 a.m.

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.

Just Posted

Pride Society of the Comox Valley set to kick off week-long celebration

The organization is celebrating Pride Week with a variety of events to bring the community together.

Major private donation to Kus-kus-sum project

Frank and Bobbi Denton, longtime residents of the Comox Valley, have donated… Continue reading

CONTEST: Win a pair of tickets to Sunfest Country Music Festival

Make sure to Like the Comox Valley Record’s Facebook page

3L happy with CVRD staff reversal of ruling

Company’s request for minor amendment to RGS was announced as defeated Tuesday, overturned Wednesday

Nickel Carnival coming to Courtenay

Families welcome for games, face painting, food and more

Here’s what you need to know about Day 1 at the BC Games

All 18 events kick off on the track, riding ring, fields, courts and lake in the Cowichan Valley

Bob Castle’s Under the Glacier cartoon for July 19, 2018

Bob Castle’s Under the Glacier cartoon for July 19, 2018… Continue reading

BC toddler with ‘allergy’ to sun waiting for bone marrow transplant

Charlie Lock, 2, needs treatment for damage caused by rare disorder EPP

Windshield completes Spitfire re-construction

Comox Valley resident donated plane part to museum

VIDEO: How to throw a frisbee

Ultimate frisbee player Amy Mackay shows off the proper technique

Site C dam project plagued by problems: expert

E. Harvey Elwin expresses concern about internal BC Hydro and government documents

Seal attacks kayakers off northern Vancouver Island

‘It has to be one chance in a million of this happening.’

Victoria-area park sign removed after glitch redirects to porn site

Resident looking to learn more about workout equipment discovered the problem code

Special Olympic athletes take on BC Games during special anniversary

Known as the Global Day of Inclusion, July 20 marks the first Special Olympics in 1968 in Chicago

Most Read