c
Edmonton
airing now
101.7 FM
|
88.1HD2
airing now
8.85 c
Edmonton
airing now
101.7 FM
|
88.1HD2

David Eby: New legislation to prevent government's from skimming I.C.B.C. surpluses

BY , Mar 2, 2020 9:46 PM - REPORT AN ERRORLAST UPDATED ON Apr 24, 2020 3:32 PM

Vancouver: B.C Attorney General David Eby announcing important changes in ICBC January 29, 2020. Connect News/Jawad Siddiqui

Vancouver: B.C Attorney General David Eby announcing important changes in ICBC January 29, 2020. Connect News/Jawad Siddiqui

Attorney General David Eby says B.C.'s New Democrat government is taking steps to ensure profits made by the Insurance Corporation of B.C. stay with the public insurer.

Eby says he is preparing to bring in legislation that would prevent government's from skimming I.C.B.C. surpluses away from the corporation to use for other government initiatives.

In an announcement this morning Eby says I.C.B.C. profits should be used to offset premium costs.

He says previous Liberal governments stripped 1.2-billion dollars from I.C.B.C. between 2009 and 2016, eroding the financial stability of the Crown corporation and leading to dramatically higher premiums for drivers.

Latest News

Share on

Sign up for the newsletter
We'll deliver best of entertainment right into your inbox
We love to hear from our listeners, so feel free to send us message
whatsUp icon
Message us on whatsapp