Lobby for change to the Insurance Industry

Lobby for change to the Insurance Industry

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Ivy Lam started this petition to John horgan and

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Dear British Columbians: the Provincial election is coming upon us very soon! Election Day is on October 24, 2020. I want to seize this opportunity in being a responsible Canadian and take my democratic right seriously. I want to lobby for some important changes to the insurance industry which is regulated by the BC government.

1. If you are a condominium owner, you will be hit by the enormous unreasonable rise in the insurance premium as well as the deductible. I have a proposal to ask the party that is in power to commit to helping us deal with these increasing high costs. If you want a copy of my proposal, please email me at ivyalam@gmail.com.

There is another group who already do extensive work on this issue: https://www.change.org/p/stop-the-unfair-and-unprecedented-increase-to-bc-strata-insurance-premiums

2. There is a significant imbalance in power between the claimants and the adjusters. The claimants only have one to two claims in their lifetime whereas the adjusters have the advantage in being full time experts dealing with numerous claimants on a daily basis. The fight of the claimants with the adjusters is very stressful and lonely. In the case of injury claims, the claimants are sick and many of whom may develop depression due to their injuries. Whereas the insurance adjusters are healthy and skillful, and they have the entire expert team working together to fight off their liabilities. They don't really want to pay the injured claimants. This is why the insurance companies are getting richer and bigger; whereas, the troubled and injured claimants become despondent and some may even end up homeless/mentally ill due to financial burden. I have gone through this recently and I am saying this based on my own experience. If you want to know more about my negative experience, you can email me at ivyalam@gmail.com.

3. What about the notorious ICBC? Don’t you want to see changes to this dysfunctional monopoly? We are paying the highest premium rates as compared to all the other provinces and around the world. But ICBC declares to be financially broke all the time. Do you think that ICBC treats the claimants fairly? No, I don't think so. There is a total imbalance of power to the disadvantage of the claimants. ICBC adjusters have an entire experienced team to deal with us. How can we ever win or expect fair compensation?

4. Lack of transparency:  A lot of us don’t fully understand what we are paying for. It can be very devastating to us to find out that the insurance companies deny paying us when we need and are entitled to the money most.

My petition is to ask the government to take a closer look at the entire insurance industry to see the extreme injustice the consumers face

THIS INSURANCE SYSTEM MUST CHANGE.

We, British Columbians, should speak up for our rights. We must exercise our democratic rights in this upcoming election. We must speak up to the politicians before we elect them to become our next government. They should represent our best interest and speak for us. If you want CHANGES, please sign the petition. One person would not be able to do much, but together we can make British Columbia a better place for us! I need your signatures in order to demand our government to set up a special interest group to work for the best interests of the consumers; to
fully investigate and change the insurance system to make it more equitable; to ensure transparency and that we are provided with insurance policy terms and conditions easily understood by all.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!