REVscene - Vancouver Automotive Forum

Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Thread Tools
Old 09-16-2015, 08:48 PM   #51
Timpo's Avatar
Join Date: Mar 2002
Location: ...
Posts: 20,379
Thanked 4,550 Times in 1,368 Posts
Consider expanding ICBC?s offerings

Consider expanding ICBC’s offerings

Times Colonist
September 15, 2015 04:49 PM

Re: “Stop bleeding ICBC for profits,” editorial, Sept. 13.
The editorial notes that the Insurance Corp. of B.C. will seek a 6.7 per cent increase in basic car insurance due to pressure to balance the books, given the massive increase in the cost and frequency of injury claims. That’s right, but there’s a bit more to it.

A big part of the upward pressure is ICBC’s “representation rate”— the percentage of cases where an ICBC client seeks legal counsel to resolve their claim. This number has skyrocketed in recent years to almost 50 per cent. Claims centres are understaffed and overworked so, despite ICBC employees’ best efforts, customer service is suffering. Lawyers swoop in and promise bigger settlements for their clients, increase claim costs and drive up rates for the rest of us.

Next, as the editorial points out, government draws revenue from ICBC. However, simply cutting this funding might not be the answer. Revenues lost would mean more taxes or fees elsewhere, or cutbacks to government services. What would make sense is clarity, transparency and equity in the way British Columbians are taxed.

The government should also consider expanding ICBC’s offerings to other areas of insurance and other jurisdictions, as Saskatchewan Government Insurance has done. As SGI has shown, this diversification of insurance offerings spreads out risk, lowers rates and provides increased value for consumers. Further, rather than sapping money out of government, it would provide more income to spend on key priorities.

David Black, president, Local 378

Canadian Office and Professional Employees Union
Timpo is offline   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT -8. The time now is 03:44 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc. cannot be held accountable for the actions of its members nor does the opinions of the members represent that of