The Horgan government owes BC motorists a rebate cheque in the wake of a fiscal update showing ICBC raking in the cash during the COVID-19 pandemic..The Canadian Taxpayers Association said Thursday despite all the COVID-19 lockdowns and people staying at home, ICBC banked $410 million..“ICBC is reporting a $410 million profit off of the backs of drivers who were stuck in their homes and thrown out of work,” said Kris Sims B.C. director of the CTF in a Thursday statement. .“While this government-forced monopoly is in the black for now, it needed drivers to shelter in place during the worst economic emergency in generations to make it happen and dousing a dumpster fire with a crisis a terrible business model.”.ICBC’s latest numbers were included in the B.C. government’s second quarterly fiscal report Thursday..The documents show ICBC saved about $324 million so far this year because people were unable to drive to work and school. Those savings have not been passed on to drivers..Sims said drivers in other provinces got back about $280 each from their auto insurance providers in the spring – many had the money automatically rebated.. EXCLUSIVE: New poll shows UCP collapse as NDP & Wildrose surge .“It’s unfair for drivers who have been thrown out of work by COVID-19 to be locked into dealing with ICBC in the future,” said Sims..“Premier John Horgan should do the right thing by rebating drivers their money and opening ICBC up to competition, so we don’t get stuck with another dumpster fire in the future.”.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.Twitter.com/nobby7694
The Horgan government owes BC motorists a rebate cheque in the wake of a fiscal update showing ICBC raking in the cash during the COVID-19 pandemic..The Canadian Taxpayers Association said Thursday despite all the COVID-19 lockdowns and people staying at home, ICBC banked $410 million..“ICBC is reporting a $410 million profit off of the backs of drivers who were stuck in their homes and thrown out of work,” said Kris Sims B.C. director of the CTF in a Thursday statement. .“While this government-forced monopoly is in the black for now, it needed drivers to shelter in place during the worst economic emergency in generations to make it happen and dousing a dumpster fire with a crisis a terrible business model.”.ICBC’s latest numbers were included in the B.C. government’s second quarterly fiscal report Thursday..The documents show ICBC saved about $324 million so far this year because people were unable to drive to work and school. Those savings have not been passed on to drivers..Sims said drivers in other provinces got back about $280 each from their auto insurance providers in the spring – many had the money automatically rebated.. EXCLUSIVE: New poll shows UCP collapse as NDP & Wildrose surge .“It’s unfair for drivers who have been thrown out of work by COVID-19 to be locked into dealing with ICBC in the future,” said Sims..“Premier John Horgan should do the right thing by rebating drivers their money and opening ICBC up to competition, so we don’t get stuck with another dumpster fire in the future.”.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.Twitter.com/nobby7694
