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Insurance Business | 06 Sep 2017, 06:59 AM Agree 0
Attorney General makes basic premium rate rise official
  • Dennis Morrow | 06 Sep 2017, 11:33 AM Agree 0
    Double the rates. Then credit good drivers monthly, sending checks for good habits, and sending bills for distracted drivers. Reward the good. Penalise the culprit. So, to be clear. Double the current rates. The, reward good month of driving, and bill for lousy driving habits. Get a ticket ? NO REWARD.
  • Andrew | 06 Sep 2017, 01:00 PM Agree 0
    With the losses forecast by the auditors, simply raising rates on bad drivers wont be sufficient. Whole scale changes are required. I think one of the things that should be considered is the provincial government injecting half of the that surplus back to ICBC that they have taken over the years. Every insurer has reserves and very few if any have to part with as much cash as ICBC does to the provincial coffers, so maybe returning it and taking corrective action will right the ship and put the corporation on better footing.
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