Better management?

Lots of talk about ICBC and BC Hydro both needing big changes, right? 

First off, laws need to be put in place to stop the government from taking their reserve funds, they are there for a purpose and not for the government to take to balance their books period, right? It’s no wonder the rates keep going up when the companies reserve funds are taken away from them. What it really amounts to is another hidden tax I feel. 

Both could and would be good reliable cost effective and competitive companies if good management were in place. Instead of government appointed people who have never ran a company or even taken business management courses. Enough said, you get the idea. 

If there were laws in place to keep the politician fingers away from the funds and their friend out of management, there’s not much doubt in my mind these companies would thrive and be able to reduce rates in the near future.

As I’m sure ICBC would put in place a system to stop insuring vehicles that are not road worthy. All you need now is your previous registration and you're in business, it doesn’t matter if the vehicle has been jacked up so you need a step ladder to get into it or it’s belly is dragging on the ground with the doors falling off. It’s not only the high cost of the new vehicles that are driving rates up but to be fair why should a person driving a ten year old vehicle in good operating condition have to have their rate help cover the new vehicles?

Frank Adams