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ICBC posts net loss of $935 million for first nine months of fiscal year — 5 Comments

  1. too many immigrants driving high end cars, and they show the family licence,and what about the immigrant taxi service in Richmond, locals get screwed again

  2. This is reason why ICBC lost so much money. It hard to break even or have a surplus when your REVENUE not your surplus, gets taken away by the Liberals to balance the books. “The Liberal government is grabbing more than $1.7 billion in revenue from the Insurance Corp. of B.C. and BC Hydro over the next three years, on the heels of rate hikes at both Crown corporations.

    Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.”

    http://www.vancouversun.com/business/Government+grabbing+cash+from+ICBC+Hydro+they+raise+rates+charges/9527548/story.html