ICBC: Losses could be $1.3 billion

Re: ICBC: Losses could be $1.3 billion

Postby GordonH » Mar 5th, 2018, 4:35 pm

As a driver with spotless driving record I'm looking forward to the savings, yes nail the bad drivers.
https://www.castanet.net/news/BC/220334 ... odels-ICBC
When you have to start compromising yourself and your morals for the people around you, it’s probably time to change the people around you.
User avatar
GordonH
Buddha of the Board
 
Posts: 20720
Likes: 2309 posts
Liked in: 7319 posts
Joined: Oct 4th, 2008, 7:21 pm
Location: Second star to the right and straight on 'til morning

Re: ICBC: Losses could be $1.3 billion

Postby Cactusflower » Mar 5th, 2018, 4:40 pm

https://www.castanet.net/news/BC/220334 ... odels-ICBC
Finally, a step in the right direction. The late Dave Barrett brought us affordable vehicle insurance, the BC Liberals made it unaffordable, and now David Eby is going to make it affordable again.

This is going to take less time than it took the BCLP to screw it up, but it will take some time, so please be patient.
Cactusflower
Lord of the Board
 
Posts: 3595
Likes: 1716 posts
Liked in: 750 posts
Joined: Aug 27th, 2017, 11:33 pm

Re: ICBC: Losses could be $1.3 billion

Postby hobbyguy » Mar 5th, 2018, 4:58 pm

Cactusflower wrote:https://www.castanet.net/news/BC/220334/Eby-remodels-ICBC
Finally, a step in the right direction. The late Dave Barrett brought us affordable vehicle insurance, the BC Liberals made it unaffordable, and now David Eby is going to make it affordable again.

This is going to take less time than it took the BCLP to screw it up, but it will take some time, so please be patient.


Lol. Always trying to blame the Liberals when it is nothing to do with them.

http://vancouversun.com/news/local-news/most-drivers-believe-that-quality-of-driving-in-b-c-has-decreased-icbc-survey

"The number of motor vehicle collisions in B.C. increased 23 per cent between 2013 and 2016 (from 260,000 to 320,000)."

SNIP

"Most drivers who responded said they believed that driving in the province has worsened in the past five years, pointing to bad driving behaviours as one of the top issues. They felt that drivers are more distracted, aggressive and impatient."

It's bad drivers that are 80% of the problem.

I do give Eby credit for capping liability claims, which were being driven up by "ambulance chaser" lawyers - which is another significant factor.
Dimples - "just not ready"

3 people like this post.
hobbyguy
Guru
 
Posts: 8554
Likes: 2382 posts
Liked in: 9104 posts
Joined: Jan 20th, 2011, 9:10 pm

Re: ICBC: Losses could be $1.3 billion

Postby The Green Barbarian » Mar 5th, 2018, 5:04 pm

Cactusflower wrote: but it will take some time, so please be patient.


I'd rather the NDP just resigned. I have no patience for those clowns.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. Its inherent virtue is the equal sharing of misery.
- Winston Churchill

Who's Dimples? Who's the MP for Kelowna? Both interesting questions that are hard to answer.

jimmy4321 likes this post.
User avatar
The Green Barbarian
Admiral HMS Castanet
 
Posts: 28202
Likes: 12247 posts
Liked in: 16198 posts
Joined: Sep 16th, 2010, 9:13 am

Re: ICBC: Losses could be $1.3 billion

Postby bob vernon » Mar 5th, 2018, 5:07 pm

In power just a few months and they managed to lose $1.3 billion for the year.
bob vernon
Grand Pooh-bah
 
Posts: 2242
Likes: 8 posts
Liked in: 1233 posts
Joined: Oct 27th, 2008, 10:37 am

Re: ICBC: Losses could be $1.3 billion

Postby Cactusflower » Mar 5th, 2018, 5:13 pm

bob vernon wrote:In power just a few months and they managed to lose $1.3 billion for the year.

Wow.......that's the ultimate in misconception.
Cactusflower
Lord of the Board
 
Posts: 3595
Likes: 1716 posts
Liked in: 750 posts
Joined: Aug 27th, 2017, 11:33 pm

Re: ICBC: Losses could be $1.3 billion

Postby rustled » Mar 5th, 2018, 8:41 pm

Link to the survey:
http://engage.gov.bc.ca/ratefairness/

ETA: I have to say, this is a rather poorly done website.

The button for the questionnaire asks you to first read the info on the website. The info they want you to read is in a clunky old-fashioned drop-down list, text heavy, and clunky to navigate from one page to the next. I'd suggest if they don't take the time to present it in a more user friendly fashion, they ought not put much stock in the results.

2 people like this post.
rustled
Guru
 
Posts: 5772
Likes: 8460 posts
Liked in: 6593 posts
Joined: Dec 26th, 2010, 1:47 pm

ICBC

Postby Ken7 » Mar 6th, 2018, 9:09 am

I was not aware of this coming from Saskatchewan.

In the province of BC your driving insurance is not affected by tickets, and motor vehicle accidents. I thought that was a given as someone who drives careless it would impact their insurance.

What makes me wonder was when got my BC Drivers there was a "Good Driver" discount, which I had a dispute about and was able to obtain as a MVA I had was holding me back. It ended up that I did receive it after challenging them that SGI has faulted me when I could not be held responsible.

What's your thoughts, I think it should be a higher premium for poor drivers and those who disregard the rules of the road!
User avatar
Ken7
Guru
 
Posts: 6664
Likes: 3804 posts
Liked in: 2741 posts
Joined: Sep 30th, 2007, 4:09 pm

Re: ICBC

Postby rustled » Mar 6th, 2018, 9:13 am

The government is looking for our opinions on their proposed changes, including your suggestion. Being discussed here: viewtopic.php?f=26&t=76941&start=315 .

ETA: I have to say, this is a rather poorly done website. The button for the questionnaire asks you to first read the info on the website. The info they want you to read is in a clunky old-fashioned drop-down list, text heavy, and clunky to navigate from one page to the next. I'd suggest if they don't take the time to present it in a more user friendly fashion, they ought not put much stock in the results.
rustled
Guru
 
Posts: 5772
Likes: 8460 posts
Liked in: 6593 posts
Joined: Dec 26th, 2010, 1:47 pm

Re: ICBC: Losses could be $1.3 billion

Postby Hassel99 » Mar 6th, 2018, 9:56 am

rustled wrote:Link to the survey:
http://engage.gov.bc.ca/ratefairness/

ETA: I have to say, this is a rather poorly done website.

The button for the questionnaire asks you to first read the info on the website. The info they want you to read is in a clunky old-fashioned drop-down list, text heavy, and clunky to navigate from one page to the next. I'd suggest if they don't take the time to present it in a more user friendly fashion, they ought not put much stock in the results.



I took the survey, it seems all about "unlisted drivers" -what a major red hearing.

rustled likes this post.
User avatar
Hassel99
Lord of the Board
 
Posts: 3486
Likes: 992 posts
Liked in: 2976 posts
Joined: Aug 23rd, 2012, 9:31 am

Re: ICBC: Losses could be $1.3 billion

Postby my5cents » Mar 6th, 2018, 3:48 pm

If ICBC is going to try to link at fault claims to drivers, it will be virtually unworkable in many circumstances.

Cousin visits from California, uses the car to go to the store and piles it up. I pay a fine for letting an "unlisted" driver use my car. They are never going to get anything from cousin.

When do we list these drivers, every year ? I buy insurance, I'm the only one using the car. I get sick and under MD orders can't drive, so I enlist someone, do I have to go to an agent and re-write my insurance ????

On the noon news today one of the proposals is to change the time period for obtaining a "free bee" (at fault accident that you are forgiven for) It's going from 10 years to 18 years. If you have an at fault after that 18 years, it was taking 3 years to re-establish your ability to be forgiven, now it will be 10 years before you are eligible for a forgiven accident.

If we are going to have to list all the drivers who drive our vehicles (and pay a premium based on their risk value), I would HOPE that, if I'm the only person listed on my two vehicles I would get a HUGE discount because I can't drive two at once.
"The power of accurate observation is commonly called cynicism by those who haven't got it"
my5cents
Lord of the Board
 
Posts: 3806
Likes: 789 posts
Liked in: 1223 posts
Joined: Nov 14th, 2009, 3:22 pm

Re: ICBC: Losses could be $1.3 billion

Postby oldtrucker » Mar 6th, 2018, 4:09 pm

I wish rates were based on a driving skill test. Class 1- ers would be paying 5 bucks a month. :up:
Some may view my above politically incorrect opinions as 'harsh' and may even be offended by them. Some think political correctness will be our undoing.
User avatar
oldtrucker
Übergod
 
Posts: 1137
Likes: 4 posts
Liked in: 567 posts
Joined: Nov 24th, 2013, 4:19 pm
Location: Proxima Centauri B

Re: ICBC: Losses could be $1.3 billion

Postby Urban Cowboy » Mar 6th, 2018, 4:15 pm

At fault claims penalties, should go against the drivers license of the guilty party, and not the vehicle.

That's how Saskatchewan does it and it's worked for eons.

If you are a terrible driver, your drivers license renewal fee will reflect that.

It may even encourage some to consider public transit.
"Never try to teach a pig to sing; it wastes your time and it annoys the pig."
- Robert A. Heinlein
User avatar
Urban Cowboy
Lord of the Board
 
Posts: 3837
Likes: 3696 posts
Liked in: 5587 posts
Joined: Apr 27th, 2013, 3:47 pm

Re: ICBC: Losses could be $1.3 billion

Postby Urban Cowboy » Mar 6th, 2018, 4:18 pm

oldtrucker wrote:I wish rates were based on a driving skill test. Class 1- ers would be paying 5 bucks a month. :up:


Very funny.

You must be driving on different highways than I am.

If that "Highway Through Hell" TV show is any kind of indicator, I'd hate to think how much in claims, all the totaled big rigs, trailers, and cargo, add up to each year.
"Never try to teach a pig to sing; it wastes your time and it annoys the pig."
- Robert A. Heinlein

my5cents likes this post.
User avatar
Urban Cowboy
Lord of the Board
 
Posts: 3837
Likes: 3696 posts
Liked in: 5587 posts
Joined: Apr 27th, 2013, 3:47 pm

Re: ICBC: Losses could be $1.3 billion

Postby my5cents » Mar 6th, 2018, 4:35 pm

Old Techie wrote:At fault claims penalties, should go against the drivers license of the guilty party, and not the vehicle.

That's how Saskatchewan does it and it's worked for eons.

If you are a terrible driver, your drivers license renewal fee will reflect that.

It may even encourage some to consider public transit.


Reading between the lines of the survey, it seems that ICBC wants to use the driving history to determine the cost of vehicle insurance. I have no idea how they would do that for, lets say someone who owns three vehicles and has numerous declared drivers for various vehicles.

Sounds like a nightmare and open to lots of fraud.
"The power of accurate observation is commonly called cynicism by those who haven't got it"
my5cents
Lord of the Board
 
Posts: 3806
Likes: 789 posts
Liked in: 1223 posts
Joined: Nov 14th, 2009, 3:22 pm

PreviousNext

Return to B.C.

Who is online

Users browsing this forum: CommonCrawl [Bot] and 2 guests