AUTOMOTIVE

- New ICBC procedures
target high claims costs"

. premiums.

directly affect the way ICBC de-
velops settlements for certain in-
jury and damage claims.
* $4} want to emphasize that our
two main criteria for these
changes is that they be firm and
fair.

“Firm — ensuring that ICBC’s

policies are well considered and-

consistently epplied in our. service
te customers and in our dealings
with various groups involved in

.C.’s; public:. auto

who have legitimate losses can be

‘confident: of receiying full com--

pensation...
“When I became president of

di: ICBC in’ May, the corporation
was looking at an estimated $150°

million deficit this year. Not only
had we just put through a-19%

‘. premium increase,.we were look-
. ing’ at. the real possibility. that a.

rate .increase greater than 14%

» would be needed next year.

' This is not: acceptable. - B.C.

-<". motorists .... especially ‘the « vast’
’. majority whe have not caused ac-

cidents .,. cannot ... and will not
hes accept continually rising
The deficit forecast
this year will exhaust ICBC's

reserves.

zda service is is iow open from.

7:00 p:

j. Monday thru Saturday.» {

re offering 2 Great Evening Specials.
Book after. 5:00 p.m. t to qualify.

insurance |
system, and fair — so that people.

“There is no doubt that rising
accident and crime rates have had
a great deal to do with the current
situation. There is also no doubt
in some past years, the premiums
were set too low.

“But when it comes right down
to it, ICBC cannot control all ac-
cidents and crimes ... although the
situation would have been far
worse were it not for our 2g-
gressive traffic safety and loss-
prevention activities.

“However, there are things we —

can do ... and we are doing ‘them
pow ... because we do not intend

‘to have a $150 million deficit in

1992 ... and we do got intend to
have a 14% premium increase for
1993.”

This series will continue next
week with ICBC president Robyn
Allan’s report on the corpora-
tion’s cost-cutting measures and
on the role of various important

. groups in the campaign to achieve

affordable auto-insurance rates.

USED VEHICLE SEPTEMBER SALE
ALL USED VEHICLES GIVEN A 52 POINT SAFETY INSPECTION

$0 ESCORT LX 89 DODGE ARIES
Automatic, 5 DR $7,195 Auto, AIC :
i PONTIAC FIREFLY Convertiste 86 JEEP CHEROKEE
Auto, cass., low k's. . $18,295 Alum alloy whis, auto$10, 495
87 STERLING
$9,695 One of a kind
89 EXCEL CX
$7,195 5 spd., low k's
{ 8 FORD ESCORT WAGON
5 spc., cassette, AIC.$8,455 Exceitent family car. .$5,495
87 CHEY S-10 PICKUP 89 EXCEL
U $7,685 S spd.,
a TOYOTA VAN LE 4X4 87 PONY
PS, PB, Pl, cniise, cass... .$11485 Priced to sell, auio.
- 88 HYUNDA! EXCEL
$7,195 Make an offer .

pean ka restr etaa

automotive re pestection..