B.C. Attorney General David Eby announces changes to ICBC rate structure to respond to deficits, Feb. 6, 2020. (B.C. government)

B.C. VOTES 2020: BC Liberals vow to end ICBC monopoly, open market to private insurance

NDP promises rate cut, COVID-19 rebate for 2021

B.C. Liberal leader Andrew Wilkinson has formalized his party’s long-standing promise to open up B.C.’s basic vehicle insurance monopoly to competition.

“The ICBC monopoly is a failure and it’s time to offer drivers cheaper rates,” Wilkinson said Oct. 6. “That’s what competition will do and that’s what the B.C. Liberals will deliver.”

The NDP government paid a $1 billion bailout in the current budget to keep ICBC rates from rising higher, mostly due to soaring accident and injury claims and associated legal costs. Before the election called for Oct. 24, NDP leader John Horgan’s government legislated an out-of-court system for most disputes and promised a rate cut for 2021.

Wilkinson also promised to give younger drivers an unspecified break from higher rates that resulted from an overhaul of ICBC’s rate structure to charge based on driver risk rather than vehicle ownership.

RELATED: ‘Fault matters’ at ICBC, John Horgan says as injury payment capped

RELATED: ICBC claims fall during COVID-19 restrictions, investments slump


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC politicsBC Votes 2020

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Fraser Health declared an outbreak of COVID-19 at Delta Hospital on Wednesday, Sept. 16, 2020. (Grace Kennedy photo)
Outbreak over at Delta Hospital

In all, 45 cases of COVID-19 were identified and seven patients died during the outbreak

Not everybody lined up to vote on Saturday. In Surrey, 68,396 mail-in ballots still need to be counted for the final election tally. (Black Press Media)
North Surrey voters steer left, South Surrey voters steer right

Once again, it’s NDP orange in the city’s north end, Liberal red in the south

Peace Portal Alliance Church, at the corner of King George Boulevard and 152 Street, is the extreme-weather shelter for South Surrey for the upcoming season. It is to have 14 mats available nightly for those experiencing homelessness, regardless of weather conditions. (Tracy Holmes photo)
14 beds planned for South Surrey extreme-weather shelter

Webinar tonight to field questions, share info on Peace Portal Alliance Church refuge

Hundreds of people gathered in White Rock last year to participate in the annual Remembrance Day ceremony – but due to COVID-19, the city’s ceremony this year will be online only. (File photo)
White Rock chooses ‘virtual’ Remembrance Day

Due to COVID-19 the Nov. 11 ceremony will be online only

The Sunshine Band Club video posted to Youtube.
VIDEO: Surrey youth band shines light on ‘COVID blues,’ raises money for hospital

Virtual concert from Sunshine Band Club, established last March

FILE – Provincial Health Officer Dr. Bonnie Henry provides the latest update on the COVID-19 pandemic in the province during a press conference in the press theatre at Legislature in Victoria, B.C., on Thursday, October 22, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. shatters COVID-19 records with 817 weekend cases; masks now expected indoors

Three people have died over the past three reporting periods

Some of the characters in the League of Legends video game. (Photo: na.leagueoflegends.com)
E-sports trial at B.C. high schools to start with ‘League of Legends’ team game

For fall launch, Vancouver’s GameSeta company partners with BC School Sports

Graphic on promo material for Best Buy Canada’s Tech Wonderland event.
Drive-through ‘Tech Wonderland’ coming to PNE site a few weeks before Christmas

Best Buy Canada-backed ‘holiday’ event to raise money for charity

Aaliyah Rosa. File photo
Crown says murder of seven-year-old in Langley was planned, deliberate

The trial of KerryAnn Lewis began Monday in New Westminster

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. Provincial Health Officer Dr. Bonnie Henry. (B.C. government photo)
Unnamed school in Fraser Health region closed due to COVID-19

Closure announced by Dr. Bonnie Henry during daily briefing

RCMP have released more details regarding what led up to an arrest caught on video in Williams Lake Sunday, Oct. 26. (Facebook video screenshot)
Review launched after ‘high-risk, multi-jurisdictional’ chase, arrest in Williams Lake

RCMP launching a full review and code of conduct investigation

(Pxfuel)
B.C. limits events in private homes to household, plus ‘safe six’ amid COVID-19 surge

Henry issued a public health order limiting private gatherings to one household, plus a group of ‘safe six’ only

Most Read