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B.C. pledges to fix ‘financial dumpster fire’ at provincial auto insurer

Monday, February 05, 2018 @ 4:04 PM | By Ian Burns

Calling it a “financial dumpster fire,” B.C. Attorney General David Eby has pledged to fix the monetary woes plaguing the Insurance Corporation of British Columbia (ICBC).

B.C. Attorney General David EbyThe publicly owned auto insurer posted details about its third-quarter fiscal situation Jan. 28 that shows a net loss of $935 million for the first nine months of the 2017-2018 fiscal year, with projections showing ICBC will post a net loss of $1.3 billion for the entire year.

This led to Eby’s vow to get the...