Rising accident rates and payout costs have ICBC facing a series of $1 billion deficits. (Comox Valley Record)

Share crash data, private insurers tell David Eby, ICBC

B.C. monopoly makes drivers retrieve their own records

Private insurers say they would be happy to take B.C. Attorney General David Eby up on his challenge to compete with ICBC for optional insurance, if the Crown corporation would share its driver history information directly with them.

“ICBC denies other insurers access to a customer’s driving record and accident history, as well as to the claims information that all insurers need to price and sell auto insurance,” the Insurance Bureau of Canada said in a statement released Friday. “As the monopoly insurer in the province, ICBC holds this information and uses it to price its products.”

The private insurance industry group was responding to Eby’s comments last week about big increases for new drivers as ICBC moves to a new risk-based rate structure. Eby said the biggest increase in mandatory basic liability insurance new drivers will face is 12 per cent, or about $200 a year.

It’s the optional insurance, including collision repair, where younger drivers are facing the biggest increases, Eby said, and if private insurers believe they can do it at a lower price, “they should do so.”

RELATED: New drivers pay most for optional coverage, Eby says

RELATED: ICBC injury caps face lawsuit from injury lawyers

Vehicle insurers make driver information available between companies everywhere else in Canada, including Quebec, where the government insurer shares driver data, the Insurance Bureau of Canada says. That’s why Quebec has more than 100 private insurers competing for optional insurance, and B.C. has “only two insurers that compete with ICBC in any meaningful sense.”

Eby has argued that drivers can retrieve their own driving records from ICBC online and take them to a private insurer to compare rates. Private insurers say that is the barrier that prevents better competition in B.C.

“If the Attorney General is suggesting that he will force ICBC to provide other insurers with the data they need to sell auto insurance in B.C., other insurers will gladly provide British Columbians with the choice they deserve,” the bureau said. “Given ICBC’s current performance, it’s a choice that’s desperately needed.”


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Christmas comes to Penticton through Children’s Showcase

The Christmas production of the Children’s Showcase takes place Dec. 15 at the Cleland Theatre.

Historical Society branch works to preserve Summerland history

Names proposed for roundabouts to honour local heritage

NeighbourLink Summerland coordinates Christmas dinner matchup

This Christmas will be sixth annual community event

Penticton Vees buckle to league-leading Express

Vees suffer 7-2 setback at the hands of the Coquitlam Express in BCHL action

Community gathers for inaugural Transgender Day of Remembrance vigil in Penticton

Transgender Day memorializes those who have been murdered

VIDEO: UBC exchange students offered $1,000 to help with leaving Hong Kong

The university said 31 of its students were attending four universities in Hong Kong

Woman calls 911 to say she was late for train, asks Ontario police for ‘emergency ride’

Peel Regional Police received more than 180,000 improper calls so far this year

It could take you 218 years to save up for a house in this B.C. neighbourhood

It would take 27 years in the most affordable city in the Lower Mainland

Princeton council votes to open parts of KVR to motorized vehicles

Sections of the KRV trail through Princeton will be opened next year… Continue reading

Beat the winter blahs with Ancora harmonies

Wintersongs Friday, Nov. 22 in Vernon and Saturday, Nov. 23 in Salmon Arm

New CP Rail tracks needed before building Salmon Arm underpass

‘Pretty big area’ of downtown to be affected by construction

Armstrong cannabis producer sells out of first batch

Initial batch tested at 22.6 per cent THC levels

Salmon Arm Tim Hortons intersection bumped from traffic circle plan

Traffic circles still planned for two city intersections with four-way stops

‘Actors can play any roles’: Debate over ‘colour-blind’ casting after Victoria lawsuit

Tenyjah Indra McKenna filed a complaint over racially-motivated casting

Most Read