ICBC has been a political football since Day 1
Attorney-General David Eby is setting the table for some significant changes at the Insurance Corporation of B.C. It is important to remember that ICBC has been a highly-political Crown corporation, used by all political parties for their own purposes, since it took over the car insurance market in 1974. The Insurance Corporation of B.C. (ICBC) is in crisis. ICBC is set to lose $1.3 billion in the current fiscal year, and once again it is the subject of intense political gamesmanship. On Monday, Attorney General David Eby called a press conference to officially confirm the deficit. He pledged a number of measures to try and ease the bleeding. At the same time, he said the former BC Liberal government left ICBC as a “blazing dumpster fire” by ignoring its problems, and even changing an independent report commissioned in 2014 which examined ICBC’s financial issues. “They knew the dumpster was on fire, but they pushed it behind the building instead of trying to put the fire o...