Posts Tagged ‘Auto Insurance Comparisons’

Are insurance rates soaring across BC?

Written by Harold McNeill on January 29th, 2018. Posted in Editorials, Tim Hortons Morning Posts


Car Crash

Scenes like this are all too common in BC and take a tragic toll in lives lost and families destroyed. The cost is high and we all pay but are Insurance Rates out of control in B.C.? Check out this article, as you may be surprised to see where British Columbia sits in relation to other Provinces.

This article is brought forward following an article in the Saanich News stating ICBC rates for some classes of vehicle are grossly inflated as compared the Alberta.

The Apocalypse Now Narrative

While I do not subscribe to a “fake news” narrative, it seems newspaper reporters often pick the worse possible narrative and treat that as if it was the only fact.  That is what is now happening with respect to insurance rates in BC where private providers have been fighting the public system, ICBC, for years.

One headline reads, “Drivers facing rate hike as ICBC deficit is expected to hit $1.3 billion” (Vancouver Sun headline, January 29). Other BC News outlets carry a similar doom and gloom narrative about looming debt and rate increases.

I do not argue ICBC faces a deficit, for reasons noted below, but would it surprise you British Columbia, Saskatchewan and Manitoba (the three provinces with public auto insurance) are among those with the lowest rates in Canada? Who has the highest? Alberta and Ontario. Alberta is about $1100 per year higher than BC and Ontario, at $5,500 per year, about three times higher.  Now to the ICBC debt.

Over the last several years, the provincial government has transferred millions from the Corporation to general revenue. Following are just two of news reports in which soundly criticize the practice.  In effect, the Conservatives (using their Liberal acronym) has constantly placed the Corporation in lose-lose position vis a vis their customers.  Now the rate comparisons among the Provinces.

Times Colonist (August 2016)
Global National (August 2016)

Some years back the BC Government attempted to raid the BC Pension Corporation of a multibillion-dollar fund in the same manner, but an uprising among pensioners and other interested parties help to thwart that attack. By having all that money transferred to an ‘unfunded liability’ of the government you can only imagine the disaster that would have become.

Now to the ICBC situation.

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Comments

  • Harold McNeill

    January 13, 2019 |

    Well, my dear, it’s that time again. How the years fly by and the little ones grow but try as you may you will have a hard time catching up to your Daddy. Lots of love young lady and may your day be special
    Love, Dad

  • Harold McNeill

    January 5, 2019 |

    Guess what? My response went to the Spam folder. Hmm, do you suppose the system is trying to tell me something?

  • Harold McNeill

    January 5, 2019 |

    Thanks, Terrance. Your comment came through but went to the Spam folder. Have pulled it out and approved. Can you send another on this post to see if you name is now removed from Spam? I’m not sure why it does that. Cheers, Harold

  • Terrance

    January 5, 2019 |

    A VERY COMPREHENSIVE ANALYSIS. ALL POLITICIANS SHOULD READ THIS.

  • Harold McNeill

    December 23, 2018 |

    Thanks Sis. I will be uploading as Hi-Def so the photos can be viewed full screen. Brother

  • Louise

    December 21, 2018 |

    Amazing collection of photos of the weekend ❤️❤️

  • Harold McNeill

    December 21, 2018 |

    Hi Dave,

    Not sure if you are the same Armit as was at Oak Bay PD or not. Interesting to see your comment on Danny Cain and your birthdays and family friendships. Cheers, Harold

  • Harold McNeill

    November 19, 2018 |

    Thanks, Lynn. It appears there was a problem with the comment system. Cheers, Harold

  • lynnmcneill

    November 19, 2018 |

    Hi Harold – looks great!

  • Maurice Smook

    August 13, 2016 |

    Hi Jillian,

    I don’t know if you are still checking this site but I had to respond again. February of 2017 it will be 72 years since this battle occurred.

    What caught my attention about this incident was on the Go Deep Documentary that aired on the History Channel. First of all I never known that this battle having ever occurred.

    According to my grade 3 teacher WW2 had never occurred. That grade 3 teacher stated that the WW2 and the holocaust was all propaganda. All of my classmates they believed her. I hate to say this but all I knew was that soldiers shooting at each other.

    I almost was expelled from school. My

    Mom my Dad my brother and my Uncle would have been arrested for propaganda. I paid the price. It was ironic a grade 5 teacher told me that Smooks are all commies. Dad was Conservative.

    All the Smooks that I known are all Conservative. If I had the money I would have loved to sue those two teachers.

    As I said I never heard of this Battle. If it were not for that program I would have never had known.

    I started to do more researching to find out more about the history of this battle. The narrator of Go Deep mentioned the names of the pilots who died that battle.

    I missed 20 minutes of that program but the camera crew had the camera’s pointed towards the sign with the names of the deceits. That is how I known.

    According to the narrator There are three who are still missing. W.J. Jackson, Harry Smook and A. Duckworth. A couple of months ago the staff of Go Deep have located Harry and A. Duckworths aircraft. This is on you tube. Harry and A. Duckworth craft is approx 650 feet deep in the Fjord. The individual who is heading this expansionary mission made it known he will not rest until all three of the missing pilots
    will be retrieved. I am sure that A. Duckworth’s kin are hoping for the same.

    What really puzzles me is that I have sent emails to the Smooks. Not one ever replying. I presume its the same with you. Sad. Dad rarely spoke about his family. It appears there is a big secret of the Smooks. I too assume Harry is a kin to my Dad. Harry maybe a 4th 5th cousin to my Dad. I too would like to know. Harry and A. Duckworth served and died for our country. The other is W.j. Jackson – who is also still missing – having died for our Country.

    In conclusion I still ask myself why is this a huge secret.

    If you are still checking this site please contact me. Maybe we may be kin.

    Take care.