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

Mount Washington opening for winter season this weekend

The resort’s original opening day was delayed due to lack of snow

IIO doesn’t recommend charges after motorcyclist death in Mill Bay

An off-duty VicPD officer was involved in the crash

New wind warning for most of Vancouver Island

Forecasters are calling for strong winds up to 90km/h for some areas

Two boats reported in trouble in Cowoichan Bay on Dec. 13

Coast Guard responds, but finds only one vessel that required assistance

VIDEO: Kitten rescued from under school bus in Duncan

School staff have affectionately called kitten “Axle”

Trudeau to make it harder for future PM to reverse Senate reforms

Of the 105 current senators, 54 are now independents who have banded together in Independent Senators’ Group

B.C. VIEWS: Andrew Wilkinson on taxes, ICBC and union changes

Opposition leader sees unpredictable year ahead in 2019

5 tips for self-care, mental wellness this holiday season

Ministry of Mental Health and Addictions urging British Columbians to prioritize self care through festive season

Rescued B.C. cat with misshapen legs in need of forever home – with carpet

Mirielle was born with misshapen back legs and after a tough life on the streets, is looking for a forever home.

VIDEO: Craft growers will add to recreational market, cannabis producer says

Two B.C. men say their expertise in running small legal medical grow-ops a benefit to recreational market

World Sikh Organization demands Canada prove Sikh extremism is a threat

Sikh community says this is first time such extremism has been mentioned in federal terror-threat assessment

Risk of catching the flu increasing in B.C. this holiday season: BCCDC

Dr. Danuta Skowronski with the BC Centre for Disease Control says influenza will pick up during the holidays

Boeser has 2 points as Canucks ground Flyers 5-1

WATCH: Vancouver has little trouble with slumping Philly side

Driver unharmed in high-speed rollover crash on highway south of Nanaimo

Jeep and minivan involved in collision near Nanaimo River Road

Most Read