The Terrace Standard, Wednesday, June 2,

z

1999 - BS ICBC]

»

policyholders reap the rewards —

Of a 25-year investment.

Twenty-five years ago, public
auto insurance was. launched in
British Columbia. ICBC's mission
then was to bri né equity and faimess
to auto insurance in BC, and to .
ensure that the lion's share of .
investment dollars stayed at home
to help build the nrovinctal economy.

We have held up our end of
the bargain. Fairness is built into
the way ICBC sets auto insurance
rates. As aBC motorist, your
premiums are based on something
you can control ~your criving record
- rather than your age or gender.

ICBC has also kept tg promise
of economic benefits. We invest in

BC, and any earnings we make stay

ICBC

In Your

HIGHLIGHTS

Community

at home to benefit the BC driving
public. Because we are required only
to break even over the long term,

we are able to return a higher

| portion of premium dollars back

to our policyholders ~ in fact,

an average of 95 cents of each |

premium dollar is paid out in
claims and related costs.

Last year we paid out almost
$2 billion in claims, most of

which went to BC businesses and

professionals such as auto repair

shops, glass shops, doctors, lawyers,

towing companies and rehabilitation
therapists. Aside from the 5,100

British Columbians we employ

directly, Autoplan sales provide a

New Safe
24-Hour Driving
Claims Tips

Service

living for over 900 independent
insurance brokers, in virtually every
BC community.

Still, times change, and we

have changed with them. ICBC no

longer holds a monopoly on auto: --

insurance — for 20 years we have
competed with private insurers on
optional coverage. In the last six
months we have introduced two
major pricing initiatives — RoadStar
Gold and the Road Sense Dividend —
to reward safe drivers and lower
premiums. And changes are on the
way to make our premiums even :
more competitive.

But ICBC is more than “just”

an insurance company. Our recent

Fighting
Auto
Crime

merger with the Motor Vehicle _

Branch has made us the lead

agency for road safety in BC, -
with a mission to help British

Columbians take the risk.out of

road transportation,

7 Inside this section you'll find

-areport on ICBC’s activities in

1998 - our stepped-up road safety

measures, our moves to.improve
customer service, how we're |

changing to be more responsive . |
to local community needs. -

There's also a collection of

handy information and driving tips

designed to help you get where

you're going this spring and summer

-safely and more economically.