Dear Editor:
Lower investment returns and an increase in accidents have always been ICBC's official excuses for hitting the driving public with ever -increasing insurance rates (ICBC Applies to Bump Basic Rate, Dec. 7, North Shore News), even while our provincial government is consistently gouging it to the tune of hundreds of millions of dollars.
It is surprising that this relevant information is never mentioned; if it were not for this unannounced fact, there would not be any need for such large increases.
Taxpayers are at the mercy of all of these corporate beggars whose compensation, when bonuses are included, is more generous than that of our prime minister.
The more money they get from us, the more they want. Their official justification is very seldom the whole truth.
John Bueno North Vancouver
