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

Affordable housing idea dead for Central Park, idea shifts to Royal Athletic Park lot

Underground parking with housing units above to be considered for existing lot

Victoria airport workers rally on Tuesday

Food service workers call for improved working conditions

BC Nurses Union calls for decriminalization of opioids

BCNU president wants the federal government to do more to reduce preventable deaths

VIDEO: Trudeau shuffles familiar faces, adds new ones to expanded cabinet

Justin Trudeau shuffles his front bench Wednesday to install the roster of ministers that will be entrusted with leading the Liberal team into next year’s election.

One year later: Still no suspects in killing of 13-year-old B.C. girl

Marrisa Shen was killed in Burnaby’s Central Park on July 18, 2017

Cougar shot by police in Nanaimo

Shooting occurred in water at Nanaimo Yacht Club at about 1:30 a.m. Wednesday

BC Games opening ceremonies promise to be magical

Features Shane Koyczan and his band, Asani, parade of athletes, and lots more

VIDEO: Toronto Raptors send DeMar DeRozan to Spurs in colossal NBA trade

Toronto also sent Jakob Poeltl and 2019 first-round pick, gets Kawhi Leonard and Danny Green

More lightning forecast as storm sparks 38 new wildfires in B.C.

22 new fires in are burning in the Kamloops Fire Centre according to the BC Wildfire Service.

Banff’s bathroom bears returned to the park after 15 months of rehab in Ontario

Black bears, now yearlings, were sent to the Aspen Valley Wildlife Sanctuary in Ontario last April

‘Recovery high schools,’ per diems urged to better manage addiction in B.C.

BC Centre for Substance Use says focus needs to shift to from overdose prevention to long-term care

Most Read