YOUR VIEW: ICBC union says private insurance wouldn’t be much better

COPE vice-president says the real problem is the government which takes profits and pours them into general revenues

Anyone who thinks privatizing ICBC is the answer to higher rates must not have taken a look at comparable auto insurance coverage or the even more excessive executive salaries in the private sector.

Independent studies by Statistics Canada and the Consumers Association of Canada have shown public auto insurance gives the best value to customers. Since ICBC was established on March 1, 1974, British Columbians have enjoyed reduced insurance fraud, safer roads and lower rates. Part of this is because, ICBC was designed to operate on a non-profit, break-even basis.

So where is the real issue? Executive salaries at ICBC are too high and should be dealt with, but that’s only exacerbated in the private sector.

The biggest problem at ICBC, is that the government hasn’t stayed true to ICBC’s break-even mandate. Christy Clark’s government is treating ICBC as their cash cow, raiding over $1.2 billion from the corporation’s coffers even as they ask ICBC workers to continue their wage freeze and B.C. drivers to pay higher insurance premiums.

That money isn’t even going into improving roads or transportation – it’s going into general revenue.

If there are any savings coming out of the government review, how do we know they won’t just be funneled right back into government coffers? British Columbians need to know savings will be used to reduce rates for drivers and keep the unionized workforce at ICBC from falling further behind.

When Manitoba’s public insurer was found to have overcharged its customers, they gave everyone a rebate. The government’s mismanagement of ICBC hurts both their employees and B.C. drivers. Siphoning off ICBC’s profits was never what was intended for our public insurance corporation.

Jeff Gillies, COPE 378 Vice-President

 

Just Posted

Diver discovers possible historic anchor off Campbell River

The rusted, barnacle-encrusted anchor was wedged into the bottom off Quadra Island… Continue reading

Cold weather puts pressure on homeless shelters in Campbell River

Salvation Army and Sobering Centre offer a total of 40 beds

Back to school for Vancouver Island’s snow-covered kids, more snow coming

All school districts in business this morning but officials warn another 5-10 centimetres today

Comox Strathcona Waste Management looks at tipping fees

Fees part of planned review that could offset future tax hikes in regions

City of Campbell River responds to BCTS intention to continue Snowden harvesting plans

Yet another call for the province to halt timber harvest activities until long-term plan is in place

VIDEO: Canada’s flag turns 54 today

The maple leaf design by George Stanley made its first appearance Feb. 15, 1965

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Plecas won’t run in next election if B.C. legislature oversight reforms pass

B.C. Speaker and Abbotsford South MLA says he feels ‘great sympathy’ for Jody Wilson-Raybould

Workshop with ‘accent reduction’ training cancelled at UBC

The workshop was cancelled the same day as an email was sent out to international students

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

Man in Vancouver Island hotel shooting pleads guilty to second-degree murder

Brandon Tyler Woody, from Victoria, to be sentenced in late March in B.C. Supreme Court

Judge rules Abbotsford home must be sold after son tries to evict mom

Mom to get back down payment and initial expenses

Trump officially declares national emergency to build border wall

President plans to siphon billions from federal military construction and counterdrug efforts

Snow turns to slush, rain as it warms up across B.C.’s south coast

Some areas are already covered by more than half a metre of snow following three separate storms

Most Read