Never ceases to amaze me how "low information" folk are.
ICBC has 3 major growing problems:
1. Rising accident rates with associated escalating costs;
2. Rising claim/personal injury rates with associated escalating costs;
3. Rising accident repair rates - to wit, when rear-ended yesteryear, generally speaking, all that was required was a bumper replacement, for example. Today? Requires rear-end cameras, sensors, etc. to also be replaced. Raises repair costs exponentially.
All of the foregoing results in growing pressure for increased ICBC rates -
there is your "mess".
BTW, insurance companies utilize actuaries to balance premiums with costs well into the future.
You are an obvious NDP supporter. As social-engineering policy, NDP supports folk moving from private vehicles "onto the bus". A good social-engineering tool is to raise ICBC rates for that to occur - call it a quasi-TDM policy.
Moreover, the NDP also wants to increase the carbon tax in order to further entail folk moving from private vehicles to the bus. Nothing new here with the NDP.
The real mess about to occur with the GreeNDP? Am seeing it already in terms of both gov't fiscal matters as well as economic matters. Remember, we don't have a federal Liberal-type party now in power in BC but the most-left-wing ideological version of any NDP wing across Canada.
Suck it up.
