New Democrats promise to fix Insurance Corp. of B.C. amid spectre of rate hikes
VANCOUVER — British Columbia’s attorney general is reassuring drivers they will not be on the hook for a hike in auto-insurance rates, despite a report released Monday forecasting prices could soar as much as 30 per cent without immediate and drastic action.
David Eby said such a rate increase would not happen under his watch, as he lambasted the former Liberal administration for leaving the Insurance Corp. of British Columbia in a financial mess.
“This is a very serious and a very grave concern,” Eby said during a news conference in Vancouver after the report was made public.
“We will take the steps necessary to fix what is happening at ICBC, to make British Columbia’s roads safer for British Columbians and to ensure that rates are affordable for British Columbians, because clearly that is not where we are tracking right now,” said Eby, who is also the minister responsible for ICBC.