The proposed injury claim changes / cap aren't happening until April 2019. And then the rate calculation methods aren't changing until Sept 2019. Until those changes kick in, ICBC is basically the same dumpster fire it has been under the Liberals reign.
Only an insane person would expect different results when none of the changes have happened yet.
To assess whether any of the NDP / Eby's ICBC changes have any effect to the overall financial health of the crown corp, we really need to wait at least a year or two before we have enough data to analyze those changes. But even then, there will still be a backlog of lawsuits that will not be cleared until they have gone through the legal process, and those will still continue to drain the ICBC balance sheet until they are all wrapped up.
Quote:
Originally Posted by RRxtar
BREAKING NEWS
Looks like ICBC actually loses as much money with the NDP in charge as the Liberals even without pulling "brazillionz!!!1! of dollars" out of icbc. Notice Eby isn't placing the blame on the Liberals anymore. And is now fully committing to the real problem?
I do commend Eby for being brave enough to try to do something to cap the outrageous accident payouts.
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