 ICBC rate hike approved as report blasts high wages | British Columbia On the same day B.C. Finance Minister Kevin Falcon admonished the Insurance Corporation of British Columbia for high wages and inflated management, the auto-insurer was given approval to boost its rates by 11.2 per cent.Commentsview comments in forum You need to be a member of CKA and be logged into the site, to comment on news. |
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Wasn't there another thread with people heaping praise on ICBC?
ICBC probably cuts their paychecks.
Wasn't there another thread with people heaping praise on ICBC?
ICBC probably cuts their paychecks.
It's kind of like our medical system. You set up a public company and then elect "free enterprisers" who insist the managers need to be rewarded like they were running a private corporation and get rewards without the ability to decide shit.
Then you still have the problem of regardless of if you elect conservatives or true socialists they stack the boards with cronies regardless.
But you know what? It makes the news because it's public, everyone can vote out the party that did it. Which you can't do with a private company.
Plus it's such a cash cow, any party has to be absolutely fucking retarded to get rid of ICBC.
Yeah it is an example of how not to run something like that.
It's kind of like our medical system. You set up a public company and then elect "free enterprisers" who insist the managers need to be rewarded like they were running a private corporation and get rewards without the ability to decide shit.
Then you still have the problem of regardless of if you elect conservatives or true socialists they stack the boards with cronies regardless.
But you know what? It makes the news because it's public, everyone can vote out the party that did it. Which you can't do with a private company.
Plus it's such a cash cow, any party has to be absolutely fucking retarded to get rid of ICBC.
Well said Herbie. With the private companies they gouge you just as hard but the profits go to shareholders. With ICBC they go to the govt, ie back to us.
Yeah it is an example of how not to run something like that.
It's kind of like our medical system. You set up a public company and then elect "free enterprisers" who insist the managers need to be rewarded like they were running a private corporation and get rewards without the ability to decide shit.
Then you still have the problem of regardless of if you elect conservatives or true socialists they stack the boards with cronies regardless.
But you know what? It makes the news because it's public, everyone can vote out the party that did it. Which you can't do with a private company.
Plus it's such a cash cow, any party has to be absolutely fucking retarded to get rid of ICBC.
Well said Herbie. With the private companies they gouge you just as hard but the profits go to shareholders. With ICBC they go to the govt, ie back to us.
I pay far less with my private company than I ever did with government insurance.
Hike or not it's still more expensive than any insurance I've had in Alberta.
According to andy we are getting gouged by paying less!
Finding #2 � Toronto Consumers Pay The Highest Rates In Canada
Finding #3 � Winnipeg Has Lowest Rates Of Canada�s Capital Cities
Finding #4 � Canada�s Largest Cities - Toronto and Calgary Have The Highest Rates
Finding #5 - Western Provinces Have Much Lower Rates Than The Maritimes
Finding #6 � Alberta Consumers Pay Much Higher Rates Than In Neighbouring Provinces
Finding #7 - Ontario�s Rates Are Much Higher Than In Western Public Auto Provinces
Finding #8 - Quebec�s Rates Are Much Lower Than Ontario�s Rates
Finding #9 � Rates Are Consistent Between Canada�s Public Auto Systems
Finding #10 - Under Private Auto Systems, Good Young Male Drivers Pay More Than Bad
Older Drivers With High Priced Vehicles
http://www.consumer.ca/pdfs/030910_report.pdf
So, you guys going to insist that your particular cases are the "truth" or acknowledge that this study is probably closer to it?
Hike or not it's still more expensive than any insurance I've had in Alberta.
According to andy we are getting gouged by paying less!
Because your insurance companies profits are not going to the government (although they are taxed).
In my opinion a government insurer should be running at cost, not making money hand over fist.
I was talking to a pal the other day. He bought a '47 Ford pickup. Very nice truck. IIRC it's vehicle number 6 or something. He called to have insurance put on it and the rep told him he had too many and they wouldn't insure it.
Bill asked for clarification from the Head Office and the rep said not necessary because he had too many. He said thank you, hung up the phone and called their competition. They welcomed him with open arms and gave him a pretty sweet deal.