Join Date14, Feb 2017

Northern Region Preliminary Assessment Notices Sent

19 hours Ago, October 22, 2019

Moose Management Progress in Cape Breton

19 hours Ago, October 22, 2019

WatchChanges coming for BCs public auto insurance agency amid financial losses

VICTORIA — The British Columbia government will announce changes today to the province’s public auto insurer amid predictions the agency will lose $1.3 billion by the end of the fiscal year.Insurance Corporation of B.C. chairwoman Joy MacPhail and Attorney General David Eby will hold a news conference in Victoria this morning to detail the changes.In January, Eby described the crisis at the corporation as a “financial dumpster fire.”He blamed the former Liberal government for ignoring warnings and recommendations made in a 2014 report and noted that before the last election, the Liberals said the losses would be $11 million.The insurance corporation has already posted a net loss of $935 million in the first nine month of its fiscal year.Eby has said the financial situation will have implications on the provincial budget.

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