BOWINN MA -- The first round of reforms took effect last year, when we sought to stop the ICBC's financial bleeding, and they've worked
Major reforms to ICBC were
announced earlier this month that will improve coverage and reduce rates
for people by removing legal costs from the system.
The first round of reforms took effect last year, when we sought to stop the ICBC's financial bleeding, and they've worked.
The first round of reforms took effect last year, when we sought to stop the ICBC's financial bleeding, and they've worked.
For the
first time in a decade, the rate increase for basic insurance in 2020 will be
0% because ICBC’s finances are now back on track.
The second round of reforms announced earlier this month will bring in the Enhanced Care Model, vastly improving coverage while reducing insurance rates by removing legal costs from the system.
The second round of reforms announced earlier this month will bring in the Enhanced Care Model, vastly improving coverage while reducing insurance rates by removing legal costs from the system.
Insurance
premiums are expected to drop by approximately 20% ($400) on average, with young drivers benefiting even
more from the reforms, bringing our rates down below provinces like Alberta and
in line with provinces like Manitoba and Saskatchewan.
We will be able to do this while providing enhanced care to those involved in a collision.
We will be able to do this while providing enhanced care to those involved in a collision.
Lifetime maximums, set
by the previous government at $150,000 -- and then raised by us during the
first round of reforms to $300,000 -- will be further increased to $7.5 million ...
the highest cap in Canada.
The people of British Columbia have been through a lot with the previous government’s mismanagement of ICBC, but we are turning it around with your help.
The people of British Columbia have been through a lot with the previous government’s mismanagement of ICBC, but we are turning it around with your help.
Thank you for trusting
us through the first round of reforms, and I look forward to you benefiting
from the second round, as we work hard to make public insurance work for people
again.
Serving as the MLA for North Vancouver-Lonsdale since May 2017, Bowinn Ma is also a licensed Professional Engineer and certified Project Management Professional. As an MLA, Bowinn is particularly active on the issues of housing, transportation, child care, and climate action.
To read more about Bowinn Ma –- CLICK HERE
Serving as the MLA for North Vancouver-Lonsdale since May 2017, Bowinn Ma is also a licensed Professional Engineer and certified Project Management Professional. As an MLA, Bowinn is particularly active on the issues of housing, transportation, child care, and climate action.
To read more about Bowinn Ma –- CLICK HERE
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