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

WATCH: Students learn about fire safety and prevention

Over 400 Grade 3 students recently toured through the fire hall as part of Fire Prevention Week.

New faces will be at the RDEK board table

New mayors, elctoral area directors will be represented in the RDEK for the next four years

Incumbent advantage holds in Municipal Election

Incumbents re-elected for Cranbrook and Kimberley Councils, plus some newcomers

15 new mayors to take office across the Kootenays

Here’s a look at the highlights from across the Kootenay region in B.C.

Mayoral results from across B.C.

Voters in 162 municipalities in B.C. set to elect mayor, council, school board and more

Voting set to start in B.C. proportional representation referendum

Two-part ballots now being mailed to all registered voters

BREAKING: Person arrested after motel stabbing in Fernie

Restaurant patron at Fernie Super 8 Hotel injured in random attack

Liberals write off $6.3 billion in loans as part of money never to be collected

That includes student loans and a $2.6 billion write off that came through Export Development Canada

Category 5 Hurricane Willa threatens Mexico’s Pacific coast

Hurricane-force winds extended 30 miles (45 kilometres) from the storm’s centre

Trudeau, McKenna to announce compensation for federal carbon plan

Provinces that don’t have a carbon price of at least $20 per tonne of emissions will have Ottawa’s plan forced on them

Okanagan parachute accident kills American

Man, 34, dies in skydiving accident Saturday near Westwold, between Vernon and Kelowna

Man who died at BC Ferries terminal shot himself as police fired: watchdog

Officers didn’t commit any offence, says police watchdog office

Canada Post strikes leaves small shops in the lurch as holidays approach: CFIB

Rotating strikes began in Victoria, Edmonton, Halifax and Windsor

Voter turnout at 36% in B.C.’s municipal election

Vancouver saw 39% turnout, Surrey saw 33%

Most Read