What's up with ICBC lately with all these ridculous settlements? The system is a complete failure. First of all the most ridculous part is ICBC will be inclined to settle 50/50, this is a simple case where there is purely a conflict of interest, only the dumbest person will create such a system. Second part is ICBC does not seem to do anything more than listen to both sides and reach a judgement depending on their mood of the day. Settlement process is not open and decision is probably made by a single person or a single body of people with similar backgrounds.
No wonder ICBC is always profitable. Just always settle 50/50. To reduce cost, just hire any average joe and have that guy decide on the settlement outcome. Of course collecting evidence is such a high cost exercise that should be avoided.....
What a joke. |