Compared to Ontario our ins rates and issues can be dealt with, the problem is rate hikes look bad when you are going to an election. There should have been larger rate increases the last 3 years and there weren’t, also the texting distracted driving is driving the costs up. Another big one, very expensive luxury cars should be privately insured instead, they lose a ton of money on those. David Eby is a very smart fellow who does seem engaged and honourable, I’m thinking he will make the best choices that are available to him. This is an opportunity for the NDP to shine if they can get govt costs and services to a manageable situation without breaking the bank. It will be interesting to see how they handle things, the Libs only cared about the developers and their funders.
ICBC - shocking losses revealed. Bend over boys
- Thread starter wetnose
- Start date
Absolutely and exactly right Mr scooter. The history of the last decade or two politically
has been a shit storm and I hope like you said too that the NDP can recognize those days
gone by and use them to their collective advantage.
This Province needs nothing more than to feel at least, a little bit more secure in their gov't
and the NDP has that golden opportunity to shine big time. I only hope they don't like so
many before them collectively FUCK IT UP!!
That would be a disgrace when so much is before them to make things go well for all concerned.
This literally could be the life or death of the NDP as we know it if they do the "right thing" or
decide to "do the wrong thing'.
They also have on, the other hand a heavy handed problem and that is how to balance
all said with the greens as well. I don't envy them.
One thing I do like about the present NDP is they are only a little left of center which gives
them decent ideals IMO and hope they stick to round and balanced means.
It would look like they are not swung so far left that they will fuck themselves and
the people of this province (like the Glen Clark gov't did) and as the liberals did
before the Horgan gov't
I sincerely hope they choose wisely.
........................QM'r
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Private insurance would be far more expensive.
Provincial publically owned insurance can be cheaper and more efficient. The premiums paid tend to stay within the province.
The problem is with the politicians who cannot keep their hands off the cash reserves needed by insurers.
No fault is good start. Legislation protecting the cash reserve is needed too. It must not be diverted to general revenue no matter how badly the politicians or voters want.
That is a great idea and it would show the govt is on the right path, mostly govts like to get their hands on every scrap so would hate that. I’m watching with interest to see how they do, Andrew Weaver is still a wild card as he can withhold his support on some issues environmentally related.
Westwoody for Premier! Well said man.
This is what has been going on for far to long. The Socreds, (IE Bill Vanderscam, good god) (Glen Clark Gov't)
(Christy Cluck gov't).
The greed has just gotten so rotten within the legislature we need a whole new plan of attack to save anything that is left.
It doesn't matter who is in power. It matters who is in power and can recognize the true problem.
We are not a money pit any longer that can be tapped endlessly. Their is a limit and I think we
all know we are at that point right now. Weaver has made things difficult for the Horgan gov't with
the LNG project and threatening toppling of the gov't if they continue on with it. Later though
Weaver backed off.
Watching with interest? Definately.
........................QM'r
In which province? I like what he says, but I don't expect him to move to BC and solve our troubles.
It would be a great start to give that money back and would show true fairness but they won't do that.
That that's the type of thinking that allows Governments to keep taxing the shit out of people. You really think that we needed higher rates over the last 3 years? We needed them to stop taking money out of ICBC, bring in no fault insurance with fixed payments for injuries, kill off the blood sucking lawyers, and then as westwoody said, bring in legislation to prevent Governments from taking money out of ICBC unless a referendum shows support.
Okay - what's the fix? Was told by an insider that waste within ICBC is unchecked, with no real reins on contractors, investigators and many approved garages. Double billing apparently happens all the time, and if it's found, contractors are still allowed to be retained.
Fraud is at an all-time high, with people in fender-benders winning a lottery. AVERAGE bodily injury settlement is $450,000. They'll throw $30-$50 grand at people just to go away. Injury lawyers are proliferating like horny rabbits, and fuelling bigger claims. And how about really going after fraud, not just finding it and making them pay back wha they got, ot denying the claim. Start prosecuting these assholes. That includes garages that are inflating claims.
There have to be limits on settlements like every other province has. Wht makes us unique in this regard?
We can't ignore ourselves. Bad driving is rampant. Yesterday, in heavy rain and darkness I witnessed four cars ran red lights at different times. Not amber - full reds. It's too easy to get (or buy) a licence, and once we get one we're often never re-tested for a lifetime.
Penalties for bad driving, and causing accidents have to go WAY up. I mean way up.
What about automatically LOWERING licence fees 5% every year you DON'T have an accident. How's that for an incentive?
Stop insuring any car over $100,000. We're all paying for small-dicked status symbols.
Finally - leave the money in ICBC. Make it illegal for the government to remove "dividends".
Fraud is at an all-time high, with people in fender-benders winning a lottery. AVERAGE bodily injury settlement is $450,000. They'll throw $30-$50 grand at people just to go away. Injury lawyers are proliferating like horny rabbits, and fuelling bigger claims. And how about really going after fraud, not just finding it and making them pay back wha they got, ot denying the claim. Start prosecuting these assholes. That includes garages that are inflating claims.
There have to be limits on settlements like every other province has. Wht makes us unique in this regard?
We can't ignore ourselves. Bad driving is rampant. Yesterday, in heavy rain and darkness I witnessed four cars ran red lights at different times. Not amber - full reds. It's too easy to get (or buy) a licence, and once we get one we're often never re-tested for a lifetime.
Penalties for bad driving, and causing accidents have to go WAY up. I mean way up.
What about automatically LOWERING licence fees 5% every year you DON'T have an accident. How's that for an incentive?
Stop insuring any car over $100,000. We're all paying for small-dicked status symbols.
Finally - leave the money in ICBC. Make it illegal for the government to remove "dividends".
I see you did not respond with factual data....you know actual data/information/proof/facts etc of how ANY Province has come out AHEAD and been BETTER OFF after being Governed by the NDP.Go ahead and pick your poison be it Saskatchewan/Ontairio/Manitoba/British Columbia....pick your choice and do you research and PROVE me WRONG.Perfect example is the NDP in BC in the 1990's.It did not matter WHO was in charge be it Harcourt/Clark or Sihota there was nothing but GRAFT/KICKBACKS and CRONYISM and the scandals were endless.WOW!!! :tsk:
Who pissed in your cornflakes today? Nice of you to come on with constructive criticism.
Like what's hiz name said. Don't feed the troll and I thought I was being nice as I know
your hate for Lieberals and thought you would just come on and say something like,
"yup you got it" oooooh, but no......
Stupid me again.
That shit you say I wanted was not who I voted for man.
16 years if Communist liberalism is now at the head. We will see what that poor NDP
Gov't is going to do to fix this and you know who is going to pay..
That's what the NDP is dealing with right now.
The way you commented the last 16 years was the NDP's fault. I guess I can't argue with that
considering you're going to kill anything about being Pro NDP.
Okay then, what would your holier than thou sell everything off to the highest bidder
Progressive conservative shmucks do to rectify what the lieberals did to ruin ICBC?
Tell the NDP it was their fault for letting the lieberals get away with it?
LOL!! That sounds just like what the Cons would say.
Thanks for being "dragged" into this thread and coming on here with such a pleasant attitude.
I only hope the NDP can solve this problem and do EXACTLY the opposite of what you say they
are like so that you'll have a heaping helping of crow to chow down on.
Btw, I hope you're enjoying your NDP you have in Albertin Land,
ours is at the crossroads to try and fix a problem. Looks like the last election
in Alberta fixed their problem too. :nod:
......................QM'r
In Alberta the NDP got elected due to a PROTEST VOTE GONE WRONG.....in EVERY riding the NDP WON they won by the thinnest margin with the PC's and the Wildrose SPLITTING the right wing vote down the MIDDLE.The next day Albertan's gave them selves a collective double face palm and said "what the fuck did I do" for those that were so pissed of at the PC's as well as the comment late in the hustings by the now deceased Jim Prentice that Albertan's "need to look in the mirror"......that 1 single sentence turned the election on it's ear and shifted Government because of voter resentment.
As for the NDP in Alberta it is 1 and done....no second term....the NDP will be cast to the gutter in 2019 where they belong.
It is truly a shame that Ralph Klein got his nose out of joint after a leadership review that only garnered 62%....had he soldiered on Alberta would not have gotten stuck with the dithering idiot Ed Stelamch and then even worse the Red Queen Alison Redford.
I will once again ASK you to PROVIDE actual factual DATA/PROOF etc of ANY Province that has suffered under NDP Governance where THAT Province came out a WINNER....put up or SHUT UP.State your case...give proof and facts....back it up with valid points.....DEFEND the policies of the NDP whenever they have EVER ran Government in ANY Province in CANADA.
SR
Why have you hijacked yet another thread to go off on your endless rant?
The subject here is ICBC, not you, or your political obssession.
The subject here is ICBC, not you, or your political obssession.
Ummm, this is not about political preference. This is about how the ICBC problem will hopefully be fixed up.
If in doubt, read below.
Hear, Hear.
........................QM'r
ICBC is not a tax it’s car insurance and any corporation who’s claims loses keep escalating has to raise their rates. They would not do that because it would make them very unpopular in the next election. The real fuckup was plundering the ins. Corp of their much needed revenue which showed their distain for publicly owned enterprises. There needs to be some serious cost cutting where waste is prevalent and bad drivers and those who have bad records driving luxury cars etc. Have to pay premiums that will cover the cost of repairing those vehicles.
This was a very well run corporation under the previous NDP govt, it was always in the black and had major real estate assets to back it up. The real problem is govts have short term vision and only care about getting past the next election. Crown corps should be exempt from this cycle and should be off limits to the hands in the cookie jar so they can prosper and succeed on their own merit with proper auditing of course.
You just have to listen to all the ambulance chasers advertising on the radio to know where the problem is.
Cap payouts. Put these shysters out of business.
And then start charging realistic rates to the people who cause most of the accidents. Get them off the road.
Cap payouts. Put these shysters out of business.
And then start charging realistic rates to the people who cause most of the accidents. Get them off the road.
G
GrandMarnier
So how about this... I was having a few beers with the boys today and one of them is a (senior manager in finance) ICBC guy. Needless to say, he got ripped for doing a shitty job. Speaking off the record and sometimes in riddles, here's what I got out of it...
He thinks ICBC actually does OK, the problem is it's a provincial organization (aka cash cow). As such, they're required to give a set portion of their revenue back to the "owners". Another words, they're paying a big dividend regardless of what the bottom line is. Most years, they actually make money so the pay back (pay off) is OK. But all it takes is a couple of flat years and you go in a hole real fast. So I said who does the PR for ICBC, why don't they tell it like it is? He said, try telling your boss the company's paying him too much and see how long you have your job for?
Conspiracy theory? it's possible. I wonder if the government is doing the same for Translink and BC Ferries. Funneling off cash from Crown Corporations to make them look better.
He thinks ICBC actually does OK, the problem is it's a provincial organization (aka cash cow). As such, they're required to give a set portion of their revenue back to the "owners". Another words, they're paying a big dividend regardless of what the bottom line is. Most years, they actually make money so the pay back (pay off) is OK. But all it takes is a couple of flat years and you go in a hole real fast. So I said who does the PR for ICBC, why don't they tell it like it is? He said, try telling your boss the company's paying him too much and see how long you have your job for?
Conspiracy theory? it's possible. I wonder if the government is doing the same for Translink and BC Ferries. Funneling off cash from Crown Corporations to make them look better.
Well Storm rider I'm here to take on your ridiculous assertion that NDP governments have not managed the economy well.
Let's begin with your scurrilous claim regarding unemployment (note to reader: the use of capital letters will hereby be limited to SR's initials and other acronyms. If only he could be convinced to do likewise).
The unemployment rate in the first year of the BC-NDP government in the 1990s was 9.9%. At the end of their nine-year mandates, it was 8.2% and averaged 8.7% over that time. The average during the 16 years of Socred government preceding the BC-NDP was 11.8%. Hmm.
But wait, says SR, how about fiscal management? Oops, gotcha there too, our fave Albertan. The NDP ran balanced budgets for more than half their years in power. The Socreds? Try one!!
Please let me know if a second example featuring Saskatchewan would be of further assistance in blowing your cockamamie falsehoods to smithereens yet again.
ICBC is settling minor claims (ie. no major injuries) for an average of $35,000. That figure does not include legal fees incurred. If WorkSafeBC can set hard limits for workplace injuries on behalf of employers, surely ICBC can do so on behalf of taxpayers.
Let's begin with your scurrilous claim regarding unemployment (note to reader: the use of capital letters will hereby be limited to SR's initials and other acronyms. If only he could be convinced to do likewise).
The unemployment rate in the first year of the BC-NDP government in the 1990s was 9.9%. At the end of their nine-year mandates, it was 8.2% and averaged 8.7% over that time. The average during the 16 years of Socred government preceding the BC-NDP was 11.8%. Hmm.
But wait, says SR, how about fiscal management? Oops, gotcha there too, our fave Albertan. The NDP ran balanced budgets for more than half their years in power. The Socreds? Try one!!
Please let me know if a second example featuring Saskatchewan would be of further assistance in blowing your cockamamie falsehoods to smithereens yet again.
ICBC is settling minor claims (ie. no major injuries) for an average of $35,000. That figure does not include legal fees incurred. If WorkSafeBC can set hard limits for workplace injuries on behalf of employers, surely ICBC can do so on behalf of taxpayers.
There are a few significant issues from past Governments that have had an effect on the viability of ICBC.
Socred, Liberal and NDP govts have raided the piggy bank and directed ICBC constingency funds to BC general revenues. All have done it. Just like with a change of government the newly elected party announces how poorly run the past administration has run ICBC. Problem is it's been poorly run for decades with constant interference from the Govt of the day.
The Liberal directive to remove adjusters to oversee claims coming in from body shops has little or no overseeing to ensure the corporation wasn't paying too much. Even if a ICBC claims adjuster raised a red flag over claims from some body shops; they were usually overruled by management.
Owners of high end cars per capita are paying too little insurance to cover repairs. The cost of importing new factory parts to support repairs are insanely priced. Adding usually a year or longer to receive the parts means the claimant gets the use of a higher end lease car while they wait for the repair. If anything, there needs to be a special category on its own to support repairs of all these expensive super cars being driven these days. Perhaps these owners need to post a bond to support the cars should a bad accident occurs. $50k sounds like a good starting point. Refundable once they sell the car or no longer require ICBC.
Socred, Liberal and NDP govts have raided the piggy bank and directed ICBC constingency funds to BC general revenues. All have done it. Just like with a change of government the newly elected party announces how poorly run the past administration has run ICBC. Problem is it's been poorly run for decades with constant interference from the Govt of the day.
The Liberal directive to remove adjusters to oversee claims coming in from body shops has little or no overseeing to ensure the corporation wasn't paying too much. Even if a ICBC claims adjuster raised a red flag over claims from some body shops; they were usually overruled by management.
Owners of high end cars per capita are paying too little insurance to cover repairs. The cost of importing new factory parts to support repairs are insanely priced. Adding usually a year or longer to receive the parts means the claimant gets the use of a higher end lease car while they wait for the repair. If anything, there needs to be a special category on its own to support repairs of all these expensive super cars being driven these days. Perhaps these owners need to post a bond to support the cars should a bad accident occurs. $50k sounds like a good starting point. Refundable once they sell the car or no longer require ICBC.
You guys think ICBC is bad.
You should see what a dumpster fire Manitoba Hydro has become due to inept political interference under the previous NDP government. We're looking at a 50% increase in our rates over the next 5-6 years if they get their way with the PUB.
Cheers
J
You should see what a dumpster fire Manitoba Hydro has become due to inept political interference under the previous NDP government. We're looking at a 50% increase in our rates over the next 5-6 years if they get their way with the PUB.
Cheers
J
BC Hydro would do the same if they weren't monitored so close by the Commissions.
Years ago they even tried charging for the water they "owned" when it came to micro-hydro plants...or in laymans terms a Pelton Wheel.
Some Farmer took them to court, and they lost, so now they have to purchase the surplus power...
