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

LETTER TO THE EDITOR: Tier 3 Bantam Championships

“The packed arena and electricity within was fantastic.”

Port Hardy RCMP issues warning about recent overdose

“Our primary concern is public safety. We are urging the public to be aware of what is circulating.”

Port Hardy RCMP looking for volunteers who are interested in public safety

“The volunteer program will include community and crime prevention programs”

Suspicious fire in Alert Bay burns two homes, spreads to nearby bush

Police say underage suspects have been identified

VIDEO: North Island Bantam Eagles tie Dawson Creek Canucks in front of massive hometown crowd in Port Hardy

The Tier 3 Bantam Championships continued in style last night at the Don Cruickshank Memorial Arena.

Sparks fly as SUV speeds down wrong side of Highway 1 trying to flee RCMP

Captured on video, the vehicle headed westbound against oncoming traffic before crashing

Fire crews battle large blaze at Courtenay hostel

Courtenay Fire Chief Don Bardonnex said nobody was injured

1,300 cruise ship passengers rescued by helicopter amid storm off Norway’s coast

Rescue teams with helicopters and boats were sent to evacuate the cruise ship under extremely difficult circumstances

B.C. university to offer first graduate program on mindfulness in Canada

University of the Fraser Valley says the mostly-online program focuses on self-care and well being

Province announces $18.6 million for B.C. Search and Rescue

The funding, spread over three years, to pay for operations, equipment, and training

Late-season wave of the flu makes its round in B.C.

BC Centre for Disease Control reported 50 per cent jump in flu cases in first weeks of March

Tofino’s housing crisis causing some to seek shelter at the local hospital

Tofino’s housing crisis is pushing the town’s ‘hidden homeless’ population into the forefront.

Sentencing judge in Broncos crash calls for carnage on highways to end

Judge Inez Cardinal sentenced Jaskirat Singh Sidhu to eight years

2 fires in Victoria caused by cigarettes prompts warning from deputy fire chief

Two separate fires caused by cigarette butts were avoidable

Most Read