ICBC Supports VANOC

The association provided auto insurance coverage for VANOC's fleet of vehicles at the 2010 Winter Olympic Games.

About $2.8 million in auto claims was paid out by the Insurance Corporation of British Columbia (ICBC) for VANOC’s fleet of almost 4,700 vehicles during the 2010 Olympic and Paralympic Winter Games, according to a recent report released by the province.

The total policy coverage that ICBC provided VANOC, the not-for-profit committee that organized and staged the Games, was approximately $6.2 million. This figure does not include the cost of infraction tickets, which were the responsibility of vehicle operators.

The association said it had planned for an overall increase in auto claims during the Games due to the additional vehicle traffic. However, ICBC implemented messages for road safety and the use of public transportation for BC residents, and due to this the number of reported claims dropped about 20%, compared to the same period in 2009.

“With more than 250,000 visitors coming to the Lower Mainland and Whistler for the Vancouver 2010 Olympic and Paralympic Winter Games, we knew our roads would be busier than ever with extra passenger and commercial vehicles, taxis, buses and pedestrians,” Adam Grossman, ICBC Senior Media Relations Advisor, told CITB on July 13. “We worked hard to educate our customers as to how to prepare for the Games and to do their part.”

Some of the road safety tips included being prepared for out-of-town drivers by slowing down and keeping a safe distance, and preparing your vehicle for the winter weather conditions.

Additional ICBC support of the 2010 Games included about $10.1 million in proceeds that went to VANOC, from the sale of the 2010 Games commemorative licence plates. Almost 190,000 licence plates have been sold to date, and these plates are available for purchase until the end of 2010.

ICBC also invested about $6.1 million in programs including corporate housing, stakeholder relations, and advertising and employee engagement of the 2010 Games.

“We owe it to the organizers to recognize that they have done a very good job,” president of the international Olympic Committee, Jacques Rogge, stated in the report. “This is a city that has really embraced the Olympic Games like no other city in the world before.”

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.