ICBC should only raise rates of fraudulent claimants

My monthly pre-authorized payments to ICBC increased by about $10 between 2015 and 2016.

ICBC has been granted another rate hike by the British Columbia Utilities Commission for an ‘interim’ 5.5 per cent increase to basic insurance rates effective Nov. 1, 2015.

Reason: “The rising number and cost of injury claims.”

When I received my renewal reminder, my basic coverage rates were increased by exactly 5.5 per cent compared to last year. However, the optional insurance coverage was raised by a much larger percentage and therefore a larger dollar impact.

As a result, my monthly pre-authorized payments to ICBC increased by about $10 between 2015 and 2016. But the same would be increasing by another $15 per month between 2016-2017.

Why can’t ICBC increase the rates of only the fraudulent claimants?

 

Thomas George

Delta

Just Posted

Teen stabbed at Surrey’s Unwin Park

17 year old was transported to hospital with non-life-threatening injuries

North Delta teacher nominated for provincial award

Seaquam Secondary’s Michael Iachetta has been nominated for his work on social equity in schools

No WorkSafeBC orders issued after ruptured water main damaged White Rock theatre

Investigation confirms that the water line ruptured as a result of pressure testing

City offering relief for North Delta residents affected by Surrey townhouse fire

Delta will waive fees and expedite permits for those rebuilding from the July 5 blaze

3 ‘Dream Home’ lottery prizes located in South Surrey

Proceeds support BC Children’s Hospital

Environment Canada confirms Ottawa area hit by two tornadoes Friday

At one point more than 200,000 hydro customers were blacked out

Whitecaps see playoff dreams fade after 2-1 loss to FC Dallas

Goal in 87th minute seals Vancouver’s fate

Porsche impounded for going 138 km/hr in 90 zone during charity rally

West Vancouver Police said wet roads and heavy rain made it extra dangerous

B.C. students send books to displaced students of Hornby Island school fire

Maple Ridge elementary school teacher says students learned about acts of kindness

Phase 2 of $1.35B Royal Columbian upgrades won’t be a public-private partnership

B.C. Health Minister Adrian Dix says it will be a design-build

Trump drains oxygen from Trudeau foreign policy with PM, Freeland bound for UN

A lot has changed since the Liberals came to power in Canada in 2015

B.C. man fined $15,000, barred from trading securities for fraud

Larry Keith Davis used money from an investor to pay personal bills

Emergency crews investigate small sulphuric acid spill in Kootenays

IRM states a small volume of less than one cup and three dime-sized drips were leaked from carrier

Most Read