Didn't the gov't pull over a billion out of ICBC though? It doesn't matter how well it's managed or how fairly paid out claims are if the provincial government is using it to shift debt around.
Combine that with the people making false injury claims, vehicles costing more to repair/being easier to write off, shops inflating bills, bloated management, and all the other issues and you've got one hell of a mess, but only so much of it can really be controlled by ICBC, or could be fixed by eliminating it.
Quote:
Originally Posted by Jmac
ICBC has a notable history of low initial offers and one might argue that behaviour helped create the environment they currently find themselves in.
|
How do they compare to other provinces though? I highly doubt any private insurance company would be generous with their initial offers.