- BC Games
Letter writer doubts ICBC rates are fair
To the editor:
Listen up folks, did you know the B.C. government is skimming off $778 million in excess ICBC premiums over three years?
That’s right, ICBC overcharged vehicle owners to the tune of $778 million. The Liberals slide this money into general revenue.
This money belongs to those who overpaid for their insurance, not to top up the government’s slush fund.
On the other hand Manitoba Public Insurance (MPL) must return $320 million to car owners by May 31. That’s a 45 per cent rebate.
The rebate means if you paid $1,000 on your 2009/10 insurance, you’ll see a cheque for $450.
Hope I didn’t spoil your day.