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Road & Safety News

Government at fault for ICBC's rising repair costs - Delta Optimist - Delta-Optimist

Road Safety & Rules News and Events - Fri, 02/02/2018 - 11:48

Government at fault for ICBC's rising repair costs - Delta Optimist
Delta-Optimist
Editor: ICBC's rising repair costs are a direct result of the government's own fault. Everything ICBC buys from suppliers has risen in price. Taxes at every level have risen for everyone. Gas, . . .

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Categories: Road & Safety News

Stone says it's up to the NDP government to turn ICBC around - CFJC Today Kamloops

Road Safety & Rules News and Events - Fri, 02/02/2018 - 09:16

CFJC Today Kamloops

Stone says it's up to the NDP government to turn ICBC around
CFJC Today Kamloops
We implemented a new IT system, which saves ICBC $90 million per year. A new windshield program. We doubled luxury vehicle premiums. We made very significant investments in road safety. We significantly enhanced the distracted driving penalties, and on ...
It's a two-person race BC Liberal leadership, says Todd StoneInfoTel News Ltd

all 10 news articles »
Categories: Road & Safety News

There's hope for ICBC if claims department improves - Delta-Optimist

Road Safety & Rules News and Events - Fri, 02/02/2018 - 03:00

There's hope for ICBC if claims department improves
Delta-Optimist
ICBC claims is in disarray and requires fixing. ICBC's board and political leadership sets policy while its president and senior managers are responsible for its operations and financial well being. There have been few capable presidents; Paul Taylor ...

Categories: Road & Safety News

ICBC approaches 'D-Day' for capital reserves to pay soaring claims - The Globe and Mail

Road Safety & Rules News and Events - Thu, 02/01/2018 - 19:04

The Globe and Mail

ICBC approaches 'D-Day' for capital reserves to pay soaring claims
The Globe and Mail
However, on the eve of the provincial election, the BC Liberal government enacted a "rate-smoothing" policy in March, 2013, that capped increases in ICBC's insurance premiums – just as cost pressures were starting to explode. The BC Liberal government ...

Categories: Road & Safety News

ICBC: Saving public car insurance - The Tri-City News

Road Safety & Rules News and Events - Thu, 02/01/2018 - 12:30

The Tri-City News

ICBC: Saving public car insurance
The Tri-City News
The high cost of accidents is coming home to roost. Mismanagement can be blamed, but a solution is needed now. Photograph By Pixabay.com. The so-called “dumpster fire” that is ICBC just got hotter this week with politicians blaming one another for the ...
BC's financial dumpster fire: NDP clarifies ICBC responseCollision Repair Magazine

all 2 news articles »
Categories: Road & Safety News

Kelowna West byelection candidates square off - Kelowna Capital ... - Kelowna Capital News

Road Safety & Rules News and Events - Thu, 02/01/2018 - 08:06

Kelowna Capital News

Kelowna West byelection candidates square off - Kelowna Capital ...
Kelowna Capital News
The ailing health of B.C.'s auto insurance corporation, who's to blame and what should be done about ICBC proved to be popular topics with the five candidates running in the Kelowna West byelection Wednesday evening during an all-candidates forum ...

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Categories: Road & Safety News

OUR VIEW: Take ICBC to the junk yard and start over - The Record (New Westminster)

Road Safety & Rules News and Events - Thu, 02/01/2018 - 07:39

Kelowna Capital News

OUR VIEW: Take ICBC to the junk yard and start over
The Record (New Westminster)
OK – remember that scene in the French Connection? One of the great movie car races. Now think about ICBC and the NDP. We're about to start that race if the NDP doesn't wake up and smell the burning rubber right now. The Liberals fouled up the whole ...
Kelowna West byelection candidates square offKelowna Capital News

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Categories: Road & Safety News

From fender benders to rear-enders: the accidents that cost you money - CBC.ca

Road Safety & Rules News and Events - Thu, 02/01/2018 - 04:01

CBC.ca

From fender benders to rear-enders: the accidents that cost you money
CBC.ca
This was a few days before Attorney General David Eby called ICBC's $1.3 billion projected loss a "financial dumpster fire" fuelled by soaring legal costs and a minor claim settlement average that had risen to $30,000 by 2016. By that count, that pile ...

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Categories: Road & Safety News

Unlike ICBC, Manitoba offers car insurance without all the drama - Richmond News

Road Safety & Rules News and Events - Thu, 02/01/2018 - 03:08

Richmond News

Unlike ICBC, Manitoba offers car insurance without all the drama
Richmond News
Crash victims get ongoing comprehensive benefits without having to fight in court. There are two levels of appeal for disputes. The trade-off is their right to sue for more economic loss is curtailed, and pain and suffering are not recognized. Manitoba ...

Categories: Road & Safety News

ICBC needs to go - Prince George Citizen

Road Safety & Rules News and Events - Thu, 02/01/2018 - 02:50

ICBC needs to go
Prince George Citizen
It would be interesting to see what the polls would be if you ran a poll to see how many people would like to have private insurance instead of ICBC. After seeing the mess ICBC is in, the people of B.C. will be paying for this debt forever. Federal and ...

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Categories: Road & Safety News

ICBC deficit number is not new - Times Colonist

Road Safety & Rules News and Events - Thu, 02/01/2018 - 02:49

ICBC deficit number is not new
Times Colonist
Re: “ICBC 'financial dumpster fire' with $1.3B loss,” Jan. 30. It can hardly come as a surprise that ICBC is facing serious financial issues. The impending $1.3-billion deficit, is a number we have all heard before, the same amount the previous ...

Categories: Road & Safety News

ICBC topic for candidates - Castanet.net

Road Safety & Rules News and Events - Wed, 01/31/2018 - 22:33

Castanet.net

ICBC topic for candidates
Castanet.net
An all candidates forum heated up West Kelowna Wednesday night at the Westbank Lions Community Centre. Candidates jumped at the opportunity to debate ICBC, as well as transit, health care, homelessness, bike paths, cannabis revenue and overdoses. Six ...

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Categories: Road & Safety News

Red-light camera revenue should go directly to road safety programs, mayor says - Ottawa Citizen

Road Safety & Rules News and Events - Wed, 01/31/2018 - 12:24

Ottawa Citizen

Red-light camera revenue should go directly to road safety programs, mayor says
Ottawa Citizen
Revenue from red-light cameras should be spent on road safety programs, Mayor Jim Watson says. Ashley Fraser / Postmedia. Share Adjust Comment Print. Fine revenue generated by Ottawa's red-light cameras should go directly to police and the city's road ...

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Categories: Road & Safety News

Body shops not to blame for ICBC's financial issues: ARA - Terrace Standard

Road Safety & Rules News and Events - Wed, 01/31/2018 - 12:01

Body shops not to blame for ICBC's financial issues: ARA
Terrace Standard
The president of the B.C. Automotive Retailers Association says his industry refuses to be the scapegoat for the ongoing financial issues within ICBC. “Our concern is that our industry might be used as a scapegoat, quite frankly, for the escalating ...

Google News
Categories: Road & Safety News

BC repair shops argue used parts are important piece in fixing ICBC finances - Vancouver Sun

Road Safety & Rules News and Events - Wed, 01/31/2018 - 11:41

Vancouver Sun

BC repair shops argue used parts are important piece in fixing ICBC finances
Vancouver Sun
And releasing the recommendations was a pre-emptive strike in case the provincial review of ICBC's finances, which are projected to run a $1.3 billion deficit this year, looks to the repair sector for deeper cost cutting. McCormack argued that rising ...

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Categories: Road & Safety News

ICBC: Where political expedience trumps actuarial sense - The Globe and Mail

Road Safety & Rules News and Events - Wed, 01/31/2018 - 11:20

The Globe and Mail

ICBC: Where political expedience trumps actuarial sense
The Globe and Mail
The Social Credit government injected $181-million into the Crown, (or nearly $800-million in today's dollars according to Mr. Palmer) to keep automobile insurance premiums from rising. This political interference continued under every successive B.C ...
Let the private market compete with ICBC: BureauCanadian Underwriter
End car-insurance monopolyTimes Colonist

all 5 news articles »
Categories: Road & Safety News

Let the private market compete with ICBC: Bureau - Canadian Underwriter

Road Safety & Rules News and Events - Wed, 01/31/2018 - 08:53

Canadian Underwriter

Let the private market compete with ICBC: Bureau
Canadian Underwriter
Insurance Corporation of British Columbia's monopoly should end, Insurance Bureau of Canada said this week, but the province's attorney general contends that competition will not result in lower premiums for B.C. vehicle owners. Opening up auto ...

Categories: Road & Safety News

Letters to The Province, Jan. 31, 2018: Liberals should resign over ICBC financial mess, reader argues - The Province

Road Safety & Rules News and Events - Wed, 01/31/2018 - 08:02

The Province

Letters to The Province, Jan. 31, 2018: Liberals should resign over ICBC financial mess, reader argues
The Province
According to Mike Smyth's column, ICBC documents reveal that the insurance corporation has a loss of $1.3 billion. That is money that consultants warned the then-Liberal provincial government that it could be on the hook for in 2014. Not only did the ...

Google News
Categories: Road & Safety News

Nick Geer, businessman and former head of ICBC, dies in California car crash - CBC.ca

Road Safety & Rules News and Events - Tue, 01/30/2018 - 17:21

CBC.ca

Nick Geer, businessman and former head of ICBC, dies in California car crash
CBC.ca
Prominent British Columbia business leader Nick Geer has been killed in a car crash in California. A statement from his family says Geer and his wife Penny were on the way to their home in Loreto Bay, Mexico, when they were involved in a car accident ...

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Categories: Road & Safety News

Ian Mulgrew: Don't blame us and don't believe ICBC, lawyers insist - Vancouver Sun

Road Safety & Rules News and Events - Tue, 01/30/2018 - 16:40

Vancouver Sun

Ian Mulgrew: Don't blame us and don't believe ICBC, lawyers insist
Vancouver Sun
B.C. personal-injury lawyers are battling Attorney General David Eby's suggested cap on compensation for “minor” injuries as misguided and claim ICBC's financial woes are exaggerated. The litigators, portrayed as veritable ambulance-chasers bleeding ...
Acumen Law Corporation claims ICBC and government exaggerate fatality rate from driving while on the phoneStraight.com
Lawyer claims ICBC provides misleading distracted driving statsNews1130
BC lawyer says number of driving fatalities due to electronic devices is 'exaggerated'Globalnews.ca

all 4 news articles »
Categories: Road & Safety News

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