Rustad wird im Falle seiner Wahl das „aufgeblähte Monopol“ der ICBC beenden: BC Conservatives
Rustad to end ICBC’s ‘bloated monopoly,’ if elected: BC Conservatives
Rustad wird im Falle seiner Wahl das „aufgeblähte Monopol“ der ICBC beenden: BC Conservatives
Rustad to end ICBC’s ‘bloated monopoly,’ if elected: BC Conservatives
13 Comments
Can someone explain this one to me? Don’t you get lower insurance costs by distributing risk over as large a population as possible? Seems like unless an insurance company only chooses the least risky people to insure a state monopoly is actually the best way to achieve the lowest cost for everyone.
Ask Albertans how private car insurance is going for them?
> But premiums have taken a much bigger bite out of Alberta bank accounts in recent years, racing from an average of $1,316 in 2018 to an estimated $1,670 last year — up by one-quarter, in only five years.
Reports commissioned by the Albertan government even point out that public insurance has better prices.
> Reports the government commissioned even looked seriously at the insurance solution that’s long seemed a third rail for Alberta conservatives — public auto insurance like they have in Manitoba, Saskatchewan and British Columbia.
> And what did those reports say? Full coverage could cost roughly $765 less per year under a public regime like Alberta’s western neighbours have, according to one study by Oliver Wyman.
[source](https://www.cbc.ca/news/canada/calgary/alberta-auto-insurance-reforms-analysis-1.7221427)
God damnit… We just spent years repairing the damage the Liberals had done. ICBC has its problems and it will never be back to what it was, but it’s still better than private.
As usual, the conservatives want to help out their business pals to make more profit, and we all will pay the price for their grifting.
The only people that benefit from private auto insurance are the ambulance chasing lawyers, and the private insurers who collect their rent.
This is a report from 2022 with insurance costs across Canada. https://www.ctvnews.ca/autos/b-c-lowest-for-auto-insurance-rates-alta-among-the-highest-report-1.6189894
And will he also restore the higher premiums charged by previous Conservative/Liberal/SocialCredit governments, and then plunder the revenue to reduce taxes on the insurance companies.
A core conservative belief is that public services are evil because they deprive the wealthy of lucrative business opportunities. Given their favoring of ‘common sense’ over evidence it is remarkable that they ignore the common sense proposition that services designed to make people rich are going to be more expensive than services run for the public good.
# Albertan here. When “we” (Ralph Klein) ended public insurance the rates doubled in 2 years and the government had to step in and regulate the rates, which lasted until the UCP took power and removed the regulations, and now they’re shooting through the roof again.
Rustan is being lobbied, he’s not in it for the citizens of BC.
**What’s going to cost you more:**
* Bureaucratic inefficiency
* Introducing profit margin and predatory corporate greed
If you wanna know what effect this will have on insurance prices, look at what Albertans pay for car insurance. They fully deregulated insurance and now pay the highest rates in the country whereas BC pays the lowest
Lol every announcement from the BC Conservatives gets worse and worse and somehow they keep popping better. Sometimes I wonder how great democracy actually is when it leads to morons/corrupt assholes like Rustad in charge
BC is the only province in the country where car insurance rates have gone down over the last 6 years by 6.6%. Canada wide, car insurance has gone up 17.9% over the same period.
https://x.com/JimboStanford/status/1841850563492741396
There is a other benefit to ICBC that *no one ever mentions* and has been perennially undervalued: Data.
In most jurisdictions, policymakers struggle to get comprehensive and accurate data on road safety because private insurers consider claim information to be private (obviously) and emergency services don’t generate reports on minor accidents. So governments end up in the dark, trying to figure out where and how accidents are occurring.
Past governments have sort of appreciated this aspect of ICBC, mostly in the form of identifying geographic areas where more accidents occur and trying to fix those areas, but it’s never been truly appreciated – nor realized. If it was, BC could have some of the safest roads in the world. And it would be a real shame to lose that opportunity.
Rustad should have pledged to trim ICBC back, moved the responsibly (and funding for) licensing and registration into MOTI, ensured ICBC provides better services for drivers, and ditched no-fault. That would have been best, IMO.
(But, somewhat unfortunately, I’ll still be voting Conservative because I can’t abide Eby’s comments on firearms. Why can’t we have a sensible option?!)
I moved yro BC from Ontario. We do not want to move to a private insurance model. My premiums were cut in half moving here.