Private insurers say they would be happy to take B.C. Attorney General David Eby up on his challenge to compete with ICBC for optional insurance, if the Crown corporation would share its driver history information directly with them.
91裸聊视频淚CBC denies other insurers access to a customer91裸聊视频檚 driving record and accident history, as well as to the claims information that all insurers need to price and sell auto insurance,91裸聊视频� the Insurance Bureau of Canada said in a statement released Friday. 91裸聊视频淎s the monopoly insurer in the province, ICBC holds this information and uses it to price its products.91裸聊视频�
The private insurance industry group was responding to Eby91裸聊视频檚 comments last week about big increases for new drivers as ICBC moves to a new risk-based rate structure. Eby said the biggest increase in mandatory basic liability insurance new drivers will face is 12 per cent, or about $200 a year.
It91裸聊视频檚 the optional insurance, including collision repair, where younger drivers are facing the biggest increases, Eby said, and if private insurers believe they can do it at a lower price, 91裸聊视频渢hey should do so.91裸聊视频�
RELATED:
RELATED:
Vehicle insurers make driver information available between companies everywhere else in Canada, including Quebec, where the government insurer shares driver data, the Insurance Bureau of Canada says. That91裸聊视频檚 why Quebec has more than 100 private insurers competing for optional insurance, and B.C. has 91裸聊视频渙nly two insurers that compete with ICBC in any meaningful sense.91裸聊视频�
Eby has argued that drivers can retrieve their own driving records from ICBC online and take them to a private insurer to compare rates. Private insurers say that is the barrier that prevents better competition in B.C.
91裸聊视频淚f the Attorney General is suggesting that he will force ICBC to provide other insurers with the data they need to sell auto insurance in B.C., other insurers will gladly provide British Columbians with the choice they deserve,91裸聊视频� the bureau said. 91裸聊视频淕iven ICBC91裸聊视频檚 current performance, it91裸聊视频檚 a choice that91裸聊视频檚 desperately needed.91裸聊视频�
tfletcher@blackpress.ca
Like us on and follow us on .
