Attorney General David Eby called the auto insurance rate increase "significant" but said other coming changes would make the public insurer more sustainable. Utilities Commission this year to seek a 6.4 percent increase to basic premiums and increase overall optional insurance rates by 9.6 percent, for a blended average rate increase of eight percent. On Tuesday, Attorney General David Eby outlined new initiatives he said would put ICBC on better financial footing — along with an insurance rate increase. Eby blames Liberals for increaseEby repeatedly blamed "mismanagement" by the previous Liberal government as the reason for the rate increase. Green Party Leader Andrew Weaver also released a statement saying the government should cap certain payouts and not take further rate increases off the table.
Source: CBC News September 05, 2017 19:49 UTC