VANCOUVER, B.C. — A lawsuit has been filed against the Insurance Corp. of B.C. (ICBC) for making a $1.8-million contribution to Vancouver’s 2010 Winter Olympic bid.
News of the contribution came just before the Crown insurance provider announced widespread premium hikes in which the commercial trucking industry was hit particularly hard.
Chuck Gould, a Cloverdale resident who runs an advertising agency is one of two plaintiffs who have filed the writ against ICBC and the Vancouver 2010 Bid Corporation. They want the bid corporation to return the money to ICBC to help offset rising insurance premiums.
ICBC spokesman, Doug McLelland, told local media Vancouver’s Olympic bid will help the insurance provider over the long-term, since it will involve upgrades to the Sea-to-Sky Hwy. The Crown Corporation pays out $10 million in claims for accidents along this stretch each year, he says.
He also points out the $1.8-million donation has no bearing on the recent rate hike.
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