Privatization war drums sound

Speaking at the Canadian Insurance Congress luncheon, George Anderson, president of the Insurance Bureau of Canada (IBC), announced that the IBC will be renewing its lobby campaign this year to overthrow the state-run monopoly position the Insurance Corporation of British Columbia (ICBC) holds over auto insurance in the province. The IBC has been pursuing an aggressive insurance privatization drive across the provinces for some time. According to Anderson, research compiled by research agency, Pollara, shows that 51% of consumers in B.C. believe ICBC should be privatized and 87% believe auto insurance should be sold in an openly competitive marketplace.